Home Prices in Boston Area Up In March

May 30, 2012 12:00 AM
Home Prices in Boston Area Up In March

" BOSTON (CBS) – Home prices in Greater Boston increased slightly in March, according to the S&P/Case-Shiller Home Price Index.

In the Boston area, seasonally adjusted prices rose 0.7 percent in March from February. But compared to March of last year, home prices fell by one percent, the survey said.

“While there has been improvement in some regions, housing prices have not turned,” said David M. Blitzer, chairman of the Index Committee at S&P Indices, in a statement.

“This month’s report saw all three composites and five cities hit new lows. However, with last month’s report nine cities hit new lows "

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