May 29, 2013 Mara Bushari

House ValueThe Massachusetts real estate market is changing, and changing quickly. According to a study released today by the Warren Group, a Boston firm that tracks local real estate trends, the median price of single-family homes in Massachusetts in April 2013 shows an almost 14 percent jump over April of last year, and an 11 percent increase from January through April for the same periods. While the median price of a single-family home shot up to $313,000, the median price of a condo increased about 1 percent from April last year, coming in at $280,000.

Although the actual number of sales has increased year over year, tight inventory is quickly pushing prices higher. The number of single-family homes for sale dropped 27.1 percent in April compared to last year, and condo inventory fell 32.4 percent during the same time period, according to the Massachusetts Association of REALTORS.

If you are interested in learning more about how to capitalize on the current Boston Real Estate Market please contact Bushari Group Real Estate today. Search Boston Homes, Boston Condos and Boston Luxury Apartments at BostonRealEstate.com.

, , ,

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

Leave a Reply

Your email address will not be published. Required fields are marked *