Median home price for Greater Boston hit $910,000 in July
BOSTON - Home prices around Boston have hit new highs.
The Greater Boston Association of Realtors says the median-priced single family home in the region sold for $910,000 in July, breaking a record for the second time in just three months.
The sky-high prices are due in part to rising mortgage interest rates, which are deterring would-be sellers from giving up the low rate they're currently locked into and taking on a new mortgage.
The median condo in the area is selling for $735,000.
Statewide, the Massachusetts Association of Realtors said the median sales price in July was $640,000 for single-family homes and $569,000 for condos.
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