Real Estate
Lynnfield Home Sales Slowed Somewhat in August
As of the end of August, 86 homes sold in Lynnfield for the year.
Home sales slowed somewhat in Lynnfield for the month of August, according to new data from the Warren Group.
The latest monthly report found that 14 homes sold during the month of August, compared to 20 for that month last year. This marks a 30% drop.
Year to date, home sales in town are almost identical to where they were last year – 86 homes were sold in town as of the end of August, compared to 85 for that time last year.
Year to date, the median home sale price in Lynnfield this year is $489,950, a 15% increase over the $425,000 last year.
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The busy summer selling season is coming to an end, but probably the year-to-year comparisons will stay strong for a while longer. This is further evidence of a strong market, and another great recovery year in real estate," said The Warren Group CEO Timothy M. Warren Jr.
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