Home sales and prices across Massachusetts, Virginia and South Carolina rose in June from their year-ago levels, according to Realtor associations in those states.
In Massachusetts, sales of detached single-family homes totaled 6,084 in June, up 0.5 percent from 6,051 sales posted in June 2004, the Massachusetts Association of Realtors reported. Sales of condominiums were up 19.1 percent from a year ago, with Realtors reporting 2,775 closings in June compared with 2,329 in June 2004.
The median price of a single-family home in the Bay State last month was $373,500, up 4.8 percent from $356,350 a year ago. The median condo price rose 8.3 percent during the same period, from $265,000 in June 2004 to $287,000 in June 2005. The median is a typical market price where half of the homes sold for more and half sold for less.
In Virginia, home sales totaled 15,526 for June, up 1.5 percent from a year ago when 15,295 sales were reported, according to the Virginia Association of Realtors.
Virginia ‘s median existing-home price for June was $182,500, up 19.6 percent from June 2004’s price of $152,625.
In South Carolina, home sales soared 21.7 percent annually in June, rising from 5,893 sales a year ago to 7,173 sales last month, the South Carolina Association of Realtors reported.
Beaufort County saw the biggest increase in sales for the month (58 percent) and Coastal Carolinas (Myrtle Beach/North Myrtle Beach and surrounding areas) saw the next-largest increase (51 percent). Home sales were up significantly in Aiken (35 percent), Piedmont Regional (28 percent) and Charleston area (23 percent).
The median price of homes sold in South Carolina during June was $151,000, an increase of 9.1 percent from the year-ago price of $138,500.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
