Lynnfield real estate sales are up considerably over last
year, according to new data from the Warren Group.
For the month of July, 17 single family homes were reportedly sold in town, compared to eight for that month in 2012. As of the end of July, Lynnfield had 72 year to date home sales, compared to 65 for that period in 2012.
The town’s median sales price was $485,000 in July 2013, compared to $501,250 for July 2012. However, Lynnfield median sale price stood at $489,950 at the end of July, up more than 15% from the $423,000 reported at this time last year.
"Many recent real estate reports have signaled a strong real estate recovery, and our numbers speak to that rebound," said David Harris, editorial director of The Warren Group, publisher of Banker & Tradesman. "While consumer confidence and strong employment numbers continue to bolster the market, there's concern that higher mortgage rates and increasing home prices could dampen the revitalized market."