Real estate

Where are Mass. home sales going in 2014?

David L. Ryan/Globe Staff

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The Massachusetts housing market in 2013 experienced one of its best performances in years as sales rose to pre-recession levels and prices climbed rapidly. But higher mortgage rates and lower numbers of homes up for sale could put a damper on hopes for 2014.

Single-family home sales increased nearly 5 percent last year to just under 50,000, the most sold since 2006, to the Warren Group, a Boston firm that tracks local real-estate activity and released the year-end data on Wednesday. The median price for the year jumped 10 percent, to $320,000.

The condominium market also had good year, particularly luxury condos in downtown Boston. Statewide, condo sales jumped 7 percent while the median price climbed to $296,000, surpassing the 2005 peak of $280,000.

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