The median sale price of homes sold in Massachusetts last month hit its highest point in 10 years. The Warren Group reported Tuesday morning that the median sale price was $335,000 in March, up 6.5 percent from $315,000 in March 2016.
Higher prices didn't curtail activity. The 3,943 single-family homes sold in March represented the highest total since 4,158 home sales were recorded in March 2006. The median home sale price in March 2007, just before the Great Recession, was $340,000.
The Warren Group reported that single-family home sales were up 2.2 percent in the first quarter compared to the same period in 2016, while the median price was up 7.2 percent. Year-to-date condo sales are up 11.8 percent compared to the same period in 2016, while the median price was up 8.5 percent.
"As the spring market ramps up, we're going to see these numbers climb, likely to levels at or even above those of the mid-2000s," Timothy Warren, CEO of The Warren Group, said in a statement.