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Lynnfield Home Sales Similar To This Point In 2011

Various signs said to point toward statewide real estate recovery.

Lynnfield’s year to date home sales held largely steady over the past year, according to recent data from the Warren Group.

The real estate data company recently reported that at the end of July, 2012, there were 65 homes sold in Lynnfield. At that point in 2011, there were 63 homes sold. This past July saw a slight slowdown in sales however, with eight in 2012 compared to 13 for that month in 2011.

Year to date in Lynnfield, the median sales price was also down as of the end of July. In 2011, that figure stood at $489,000 while in 2012, the median sales prices was down 13.5% to $423,000.

“There are a lot of good signs pointing toward a real estate recovery," said Cory S. Hopkins, editorial director of The Warren Group, publisher of Banker & Tradesman. "But, we are comparing sales to a very depressed market last summer, so it's important to step back and realign expectations."

 

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