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The Boston Globe

Business

Mass. home sales, prices jumped in August

Sales had best August since 2005, the Warren Group says

Massachusetts single-family homes had their best sales for the month of August since 2005 as the median price of such a home rose 10.6 percent to $340,000 on a year-to-year comparison basis, the Warren Group reported Tuesday.

Previously, analysts have cited rising mortgage rates and rising rents as among the factors influencing the state’s housing market. That market is also coping with a shortage of homes for sale, analysts have said.

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