In April, home sales in the Greater Boston housing market soared, with single-family sales rising 19.7 percent and condo sales rising 14.6 percent; year to date, single-family sales are up 17.3 percent, while condo sales are up 17.8 percent.

Many factors play a role in a growing housing market, but a strong, versatile economy is likely the most important factor – and new research from Pew has reinforced just how strong the Greater Boston economy is.

According to Pew, Boston has the ninth-highest weekly wage in the county, with the area’s average wage coming out to $1,161; at $1,706, tech-heavy San Jose came in at No. 1.

True Spending Power

Pew’s research is a step above other economic indicators in that it considers “regional price parities,” or RPPs. Developed by the federal Bureau of Economic Analysis, RPPs measure local price levels in metro areas and show how an area’s cost of living contrasts with other parts of the country; by incorporating RPPs into its research, therefore, Pew’s analysis is a much fuller look at the true spending power of an area’s consumers, and is very much in line with the homebuying activity Boston has seen so far in 2016.

Here is Pew’s full top 10 list: