Housing Market So Hot, Burned House Going for Almost $400K

A home in Massachusetts seriously damaged by fire has been listed on the market with an asking price of $399,000.

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A home that was seriously damaged by fire is seen, Tuesday, Sept. 28, 2021, in Melrose, Mass. WBZ-TV reported that the $399,000 asking price for the home in Melrose, a suburb of Boston, is evidence of how hot the housing market is in the state. The online listing for the burned, three bedroom, 1,857-square foot home says it is in need of complete renovation and is being sold as is. (AP Photo/Elise Amendola)
Image via AP Photo/Elise Amendola

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

MELROSE, Mass. (AP) — A home in Massachusetts seriously damaged by fire has been listed on the market with an asking price of $399,000. WBZ-TV reported Monday that the listing for the home in Melrose, a suburb of Boston, is evidence of how hot the housing market is. In August, industry groups listed the median sale price of single family homes in the state to be between $535,000 and $552,000. The online listing for the…

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