Number Of Lynnfield Home Sales Set To Increase For 2012

The town is on track to record a gain in the number of home sales made from 2011 to 2012, according to recent data from the Warren Group.

The Warren Group reported that there were 16 home sales in November in Lynnfield – which was the same number recorded for that month in 2011. However, while that number remained the same, the overall number of home sales in Lynnfield is still set to increase for 2012.

The same data showed that as of the end of November 2012, 119 homes sold in town for the year. For that point in 2011, there were 106 sales, which marks an increase at this point of just over 12 percent.

The town’s median sale price is more of a mixed bag. For November 2012, that figure stood at $454,000, which was a 6.6% gain over the $425,810 recorded for that month in 2011. The year to date median sales price in Lynnfield for 2012 is $425,000, compared to $460,000.

Statewide, the Warren Group reported a 22% jump in single family home sales.

We're winding down a pretty strong year of real estate in Massachusetts. It looks like sales will be the highest since 2006," said The Warren Group CEO Timothy M. Warren Jr. "We're also seeing median prices start to creep up, another positive sign of a healthy market recovery."