Good news for sellers from the Northeast Association of Realtors: The Northeast Association of REALTORS® (NEAR) reported on Tuesday, November 26, 2013 that the combined sales of single family homes sold in the 15 cities and towns from Boxford to Littleton in October had a median sales price of $321,000, an increase of 9.2 percent compared with the median of $294,000 in October of 2012. The median sales price for condominiums sold in October was $203,750, a 23.5 percent increase over the median of $165,000 recorded in October of 2012. Multi-Family prices increased 22.3 percent, with a median of $269,000, compared to $220,000 in October of 2012. This report is based on data from MLS Property Information Network in Shrewsbury. Commenting on the area’s home sales market, NEAR President Christopher Doherty said, “As our year-to-date home sale statistics become clear here ten months into 2013, we observe that the local housing market has vastly improved over 2012.” Doherty added that, “Year-to-date price increases of more than ten percent for all categories of homes demonstrate that demand is outpacing supply, and many homeowners will want to take advantage of these price increases and list their homes for sale in the coming months.”
Posted on: Fri, 29 Nov 2013 15:42:27 +0000
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