Home Sales Spike In Tewksbury And Around The State
Aug 17, 2015 03:53PM
● Published by Bill Gilman
Bay State single-family home sales shot up 11.4 percent in June, making it the best June for sales since 2005, according to a new report from The Warren Group, publisher of Banker & Tradesman.
A total of 6,457 single-family homes were sold in June compared with 5,798 in June 2014. Year to date, sales increased by 1.8 percent with 21,667 homes sold compared with 21,292 during the same period last year.
In Tewksbury, the numbers were even better. A total of 44 homes were sold locally in June. That's a huge jump of 18.92 percent over June 2014. The spike shoes that the Tewksbury Real Estate Market may have recovred from a slow start to 2015. Through the first six months of the year, 122 homes have been sold, down just under 2 percent from the same period in 2014.
"This month, we are seeing the early results from a strong Spring market, It is a remarkable showing after a prolonged slump and a sluggish recovery extending over the past 10 years, This is the largest number of homes sold in any month since August 2005," said Timothy M. Warren Jr., CEO of The Warren Group. "Homes that closed in June are typically deals that were shopped and negotiated 30-60 days earlier. This shows the strength of the Spring selling season and follows disappointing sales earlier in 2015."
The median sales price of single-family homes in the Bay State was $365,000 in June compared with $359,900 in June 2014 an increase of 1.4 percent. Year to date, prices rose by 1.6 percent to $335,000 compared with $329,900 during the same period last year.
Again, the news was even better locally, as the average price of homes sold in Tewksbury in June was $387,500, up 10.71 percent over June 2014.
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