Sales of Massachusetts homes reached their highest level in seven years as more buyers jumped into the housing market to beat rising interest rates, analysts said.
Single-family home sales rose to 5,941 statewide, a jump of 18 percent from a year earlier and the highest sales volume for any month since June 2006, according to the Warren Group, a Boston firm that tracks real estate and publishes Banker & Tradesman. The median price of a single-family home rose 10 percent to $349,000 from $317,275 in July 2012, the 10th consecutive month of median price increases, Warren Group reported Thursday.
It was also the fourth consecutive month in which prices exceeded $300,000. Condominium sales also spiked in July, rising almost 17 percent from a year earlier. Full story for BostonGlobe.com subscribers.
Megan Woolhouse can be reached at megan.woolhouse @globe.com.