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Town's August Home Sales Posted Healthy Gains

Through August, number of year to date single family home sales also posted moderate gain over 2011.

Lynnfield saw a decent year-over-year jump in single family home sales in August, according to recent data from the Warren Group.

During the month of August, 2012, 20 homes sold in Lynnfield, compared to 12 for that same month last year. As of the end of August, there were 85 total home sales recorded in Lynnfield, a moderate 13.3% increase over the 75 Lynnfield homes that sold through the first eight months of 2011.

Year to date, the town’s year to date median sales price through August is down about 13%, from $489,000 to $425,000. For this past August alone, the median sales price in Lynnfield was $427,500. Last August it was $495,000.

Statewide, 5,118 single family homes sold in August, up from 4,262 twelve months earlier. Year to date sales have also risen 24% over the past 12 months, to 31,733 statewide.

"One more month of strong home sales confirm speculation that the housing market recovery is underway," said The Warren Group CEO Timothy M. Warren Jr. "Even though we are comparing to a slow August last year, the consistent sales volume of 4,000 to 5,000 in the past few months is a promising indicator."

 

 

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