Massachusetts Home Sales Jumped in First Quarter of 2012

Massachusetts Real EstateThe volume of Massachusetts home sales increased in the first quarter by 9.7 percent as the number of transactions increased 12.54 percent, compared to the same period last year, creating an overall picture of stability in the Bay State’s housing market, according to data provided from the MLS Property Information Network.

First-quarter sales volume has been steadily climbing since 2009 when the housing market bottomed out. “The market’s bright spots included an uptick in sales in all price points, where in the past several quarters the upper end of the market was showing continued growth,” said Chip Poli, president of the Poli Mortgage Group.

But recently the market for high-end homes has slowed. The number of first-quarter sales in the upper end of the market — properties over $1.5 million — dipped by 17 percent compared to the same period last year, according to MLS data, with only 111 transactions compared to 134.

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