Massachusetts condo prices surge

The median selling price for Massachusetts condos jumped 14 percent in February 2004 when compared with February 2003 data, rising from $200,000 to $228,000, according to the Massachusetts Association of Realtors.

Condo sales totaled 779 last month, up 6 percent from 735 in February 2003. Detached single-family home sales were down slightly, from 2,450 home sales in February 2003 to 2,433 home sales in February 2004.

The median selling price for detached single-family homes rose from $280,000 in February 2003 to $304,200 in February 2004, an 8.6 percent gain.