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Mass. home sales climb in Sept.

October 25, 2011

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WALTHAM, Mass.—Sales of single-family homes in Massachusetts were up in September, the third straight month of increased sales when compared to the year-ago month.

The Massachusetts Association of Realtors reported Tuesday that sales of single-family homes jumped nearly 10 percent last month when compared to September 2010.

The Boston-based Warren Group, which tracks the state's real estate market, reported a 7 percent increase.

The boost was credited to historically low interest rates.

The two organizations use slightly different figures to make their calculations.

The Realtors group reported a nearly 2 percent increase in the median sales price to almost $295,000. The Warren Group said median prices were up slightly.

Condominium prices were also up, but while the Realtors association said condo sales increased, the warren group reported they were down.