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The Boston Globe

Business

Mass. home prices rise 14%

The median price for a single-family home in Massachusetts rose to $313,000 last month, nearly 14 percent higher than during April 2012 as increasingly eager buyers and a limited inventory of houses on the market combined to push up values, data released Wednesday show.

April marked the seventh consecutive month of rising home prices, according to the Warren Group, a Boston company that tracks local real estate. Between January and April, the median selling price climbed to $294,000, 11 percent higher than during the first four months of last year, according to Warren.

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