June real estate sales remained unchanged in Lynnfield between 2011 and 2012, according to new data from the Warren Group.
The Warren Group data found 16 home sales in Lynnfield for both June, 2011 and June 2012. However, by the end of June, 2012, there were 57 year to date sales in town, compared to 50 at that point last year. This marks an increase of 14%.
The median sale price in Lynnfield for both June and year to date are down from 2011. In June, the median sale price in town was $475,000, down 10.8% from the $532,500 recorded in June, 2011.
Through the end of June, 2012, the median sale price in Lynnfield was $422,500, down almost 14% from $490,000 at that point in 2011.
Statewide, the numbers are looking more promising. The Warren Group reported that single family home sales reached their highest point since June, 2010.
“The local consumer confidence combined with low mortgage rates are evidently helping the market a great deal,” said Timothy Warren, CEO of the Warren Group.