Business & Tech

First Quarter Saw Improved Home Sales In Lynnfield

However, statewide figures reflect some slowing over the past couple of months.

The first quarter ended on a strong note for Lynnfield real estate, with a jump of nearly 40% compared to last year.

New data from the Warren Group found 18 home sales in Lynnfield through the end of March 2013, compared to just 13 for that period last year. The year to date median sales price is also up just over 10% during that time period, to $439,950.

In March, six homes reportedly sold in Lynnfield – last year, there were seven sales for that month. This year’s March median sales price was $419,950 in Lynnfield.

Statewide, the Warren Group noted that March was the second consecutive month of declining home sales in Massachusetts.

"It's clear that the low supply of homes for sale is continuing to pressure prices," Harris said. "And there is definitely concern that such steep price spikes will cause an affordability issue."


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