Prices for local homes rose in February, the Massachusetts Association of Realtors says

The volume of Massachusetts home sales fell in February, but prices continued to rise, the Massachusetts Association of Realtors said in a report issued Tuesday.

A shortage of homes on the market was one reason why single-family home sales posted a nearly 6 percent decline from February 2013, said the association, which added that 2,084 detached single-family homes sold this February.

The median selling price for single-family home in February was $294,950, up 7.3 percent on a year-to-year comparison basis. By the association’s calculations, this was the 17th straight monthly year-over-year increase.

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“Even with the continued increase in home values, sellers are taking longer than normal to enter the market so far in 2014,” association president Peter Ruffini said in a statement. “The winter weather hasn’t deterred buyers, but the lack of homes for sale over the past several months resulted in a drop in closed sales in February.” 

As of Feb. 28, the number of Massachusetts single-family homes for sale was down 18.9 percent from February 2013, the association said.

As for Bay State condominiums, there were 903 condos sold last month, up 1 percent from the number sold the previous February. The median selling price for a condo was $283,000, an increase of 9.1 percent from a year ago.

The inventory of condominiums on the market in February was down 27 percent compared to the year before, the association said.