Monday, April 29, 2013
Low inventory continues to hamper home sales.
Burlington’s single-family homes took a tumble in March, which The Warren Group blamed on “shrinking inventory," which is “depressing sales volume." Mirroring a similar trend for the commonwealth but not Middlesex County, single-family home sales in Burlington dropped from 17 in March 2012 to 19 in March 2013. So far this year, Burlington has seen 30 homes sold – compared to 31 in 2012, according to The Warren Group, which publishes Banker & Tradesman. "Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, editorial director at The Warren Group. "With mortgage rates low and prices competitive, we're hopeful more sellers will emerge and the trend in dropping home sales will …
Friday, January 4, 2013
Year shows an increase in home sales in Burlington.
The year 2012 was good for real estate in the town of Burlinton. It was also a bit better than 2011. According to numbers recently released by the Warren Group, Burlington's single-family home sales were up by 43 percent as of November. Condo sales were also up 9 percent from the previous year. Burlington's increase in home sales puts it in the same trend as all of Middlesex County, which has seen a 22.41 percent increase in sales between 2011 and 2012. Other towns experiencing an increase in single family home sales in 2012 include: Woburn (60.9%), Lexington (11.76%), Stoneham (29.55%), Winchester (12.22%) and Reading (28.33%). BURLINGTON PATCH: Facebook | Twitter | E-mail Updates |
Friday, March 9, 2012
The median price of single-family home sales dropped, the Warren Group reports.
Single-family home sales rose more than 3 percent in January 2012, according to the report, while the median price dropped nearly 4 percent; median prices have dropped consecutively for the past four months. In total, 2,425 single-family homes sold across the state in January, up from 2,348 in January 2011. The median sale price, however, decreased by 3.7 percent, or $260,000. The median price in January 2011 was $270,000. In Burlington, however, the number of homes sold dipped a bit in January 2012, as compared to January 2011, while the average sales price actually rose. The number of homes sold in Burlington during the first three months of 2011 came to a total of 19, according to Sonia Rollins, Sales Manager with EXIT Premier RE in …
Friday, January 6, 2012
Trade groups report real estate growth.
According to The Warren Group's latest findings, single-family home sales increased 13 percent in Massachusetts when comparing Nov. 2011 with Nov. 2010. Sales increased year over year from 2,875 to 3,253. The Nov. 2011 numbers are also reportedly better than those in 2007 and 2008, the group wrote. Warren Group CEO Timothy M. Warren Jr. said in a press release that the Nov. numbers are a positive sign for the new year, but says he also worries that the overall 2011 number might approach record low numbers, “somewhere near the level in the 1990s,” he said. Other Warren numbers show the median price of single-family homes dropped from $295,000 in Nov. 2010 to $271,000 in Nov. 2011. The median price from Jan. through Nov. 2011 was $290,000, …
Friday, July 29, 2011
A video roundup of the area's latest developments for Friday, July 29.
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