BOSTON (AP) - September was the best month for sales of single-family homes in Massachusetts in eight years.
Two groups that track the market reported Tuesday that sales of single-family homes jumped by more than 16 percent over the previous September to the highest level since September 2005.
The Boston-based Warren Group, a publisher of real estate data, reported that median prices also rose sharply, up 16 percent since September 2012, to nearly $324,000.
The Waltham-based Massachusetts Association of Realtors reported that in addition to a more than 17 percent jump in sales, there was a nearly 12 percent jump in median prices year-over-year, to $325,000.
The groups make their calculations slightly differently.
Condominium sales and median prices also rose.
The Realtors' president says the numbers were driven by demand outpacing supply.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.