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Home sales and prices in Virginia and Massachusetts during
August posted modest growth from a year ago, according to Realtor associations
in those states.
In Virginia, home sales for August increased approximately 4
percent from a year ago, according to the Virginia Association of
Realtors. Realtors reported 14,650 sales last month, up from 14,116 in
August 2004.
The areas showing greatest increases in closed transactions
included the Charlottesville Area, the Northern Neck, and the Roanoke Valley.
Virginias year-to-date closed transactions were at 96,007,
an increase of 5.8 percent from 90,717 reported during the same period last
year.
Virginias median single-family home price was $219,400 in
August, up 16.2 percent from a year ago. The median is a typical market price
where half of the homes sold for more and half sold for less.
In Massachusetts, sales of detached single-family homes
totaled 5,482 in August, up 2.8 percent from 5,332 sales posted in August 2004,
the Massachusetts Association of Realtors reported. Sales of condominiums were up
11 percent from a year ago, with Realtors reporting 2,596 closings in July
compared with 2,338 in August 2004.
The median price of a single-family home in the Bay State
last month was $375,000, up 4.7 percent from $358,000 a year ago but unchanged
from July. The median condo price rose 5 percent during the same period, from
$273,900 in August 2004 to $287,500 in July 2005, but was down 0.1 percent from
July.
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