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Mass. June home sales strongest in two years

June was the strongest month for Massachusetts home sales in two years as increasingly confident buyers flocked to the market.

Statewide, 5,498 single-family homes were sold last month, a 26 percent increase from June 2011. That marked the highest volume of sales during any month since June 2010, according to Warren Group, a Boston company that tracks local real estate.

Condominium sales also jumped in June, to 2,216, almost 29 percent more than during the same period last year, the company reported.

The increases are especially significant because they come without the benefit of the federal home buyers tax credit that spurred sales in 2010, said Timothy M. Warren Jr., chief executive of Warren Group. But the sales volume is still 28 percent below the peak in 2004, Warren said.


“This is just the beginning of a long slow climb out of the depths of a long lousy market,’’ he said.

Indeed, sales prices of single-family homes remained largely flat in June. The median dropped about 1 percent to $322,000 in June, meaning half the properties sold were priced higher and half lower.

Condominium values fared better. The median sale price rose 6.3 percent in June compared with the same period last year, to $313,001, according to Warren Group.

The numbers come a day after another Boston data tracking company, LINK, reported that sales values in Boston’s downtown condominium market reached record highs in the second quarter of 2012.

Complicating the trajectory of a housing recovery is the relative lack of homes on the market. The number of single-family homes for sale across Massachusetts decreased 17.4 percent in June compared with June 2011, to 29,663 listings, the Massachusetts Association of Realtors said Tuesday. Condominium inventory was down 28.5 percent in June compared with the same month last year, the association reported.


William Dermody, a branch manager of Coldwell Banker Residential Brokerage in Needham, said he’s surprised at how busy he has been — even in July, when the real estate market traditionally slows.

Better sales are helping to boost enthusiasm among real estate agents, Dermody said.

“People are doing well,’’ he said about the agents in his office. “It feels like a different vibe.”

Jenifer B. McKim can be reached at jmckim@globe.com. Follow her on twitter @jbmckim.