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The Boston Globe

Business

Single-family home prices reach highest level since 2007

The median sale price of single-family homes in Massachusetts was $350,000 in June, up nearly 9 percent when compared with the same month a year ago, the Warren Group said Tuesday.

“No monthly median price had been this high for any month since August 2007,” Warren Group chief executive Timothy M. Warren Jr. said in a statement. “Buyers have come out to the market in droves and aggressive bidding is driving up prices. While not a problem at this juncture, I hope for more modest increases in the future. We don’t want to see prices rise to the point where homeownership becomes unaffordable.”

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