Houses in Greater Boston cost more than ever last month : vi

Houses in Greater Boston cost more than ever last month


Houses in Greater Boston cost more than ever last month
The median price of a single-family home was almost $725,000
By Tim Logan Globe Staff,Updated April 20, 2021, 12:48 p.m.
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The Greater Boston housing market remained superheated in March.Steven Senne/Associated Press
House prices continued their surge in Greater Boston last month, with the typical single-family house now costing nearly $725,000 — the highest on record — and the supply of properties for sale remaining at rock-bottom levels.
The median price for single-family homes in the region jumped 14 percent compared with March 2020, to $723,750, while the number of homes on the market fell by one-third, according to the Greater Boston Association of Realtors. Condominium prices, by contrast, dipped slightly, down two-tenths of a percent to $617,500, while condo listings increased by 30 percent.

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