Business & Tech
Local Real Estate Data Mixed For First Two Months Of 2012
Six homes sold in town by end of February, statewide trend seen as positive in recent months.
A look at real estate data for the first two months of 2012 finds a mixed bag for Lynnfield.
Recent data from the Warren Group reports that at the end of February, six homes had been sold in town, compared to 11 at that point in 2011. However, February 2012 also saw five sales made, compared to just two for that month last year.
For this February, the median sales price in Lynnfield was $360,000. Year to date, the median sales price was $390,450 at the end of February. At that point in 2011, the median sales price stood at $581,000.
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Statewide, single-family home sales have gone up 15.8%, with 4,764 transactions completed the first two months of 2012 compared to 4,114 for that period in 2011.
"Sales volume has increased in seven of the past eight months. This rebound in the market is starting to look pretty solid," said Timothy M. Warren Jr., CEO of The Warren Group
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