2014 Government Regulations & Business Summit
Join PBN and our sponsors for our Government Regulations & Business Summit on Th ...
By Patrick Anderson
PBN Staff Writer
BOSTON – While home sales in Rhode Island and the rest of Massachusetts surged in April, single-family sales in Bristol County, Mass. dropped 7 percent compared with the same period in 2011, The Warren Group said Tuesday.
There were 190 single-family properties sold in Bristol County in April compared with 205 last April.
The median sale price also declined .1 percent, to $214,750 last month from $215,000 in April 2011.
Statewide, Massachusetts single-family sales jumped 22 percent in April compared with the same period last year and the median sale price rose 1 percent, the first time in seven months the median year-over-year price has increased.
The Massachusetts median single-family sales price in April was $275,000.
"Low mortgage rates and an improving job market in the Bay State are encouraging buyers to enter the market," said The Warren Group CEO Timothy M. Warren Jr. "It looks like the months ahead will continue to be positive as the strong spring and summer market heats up. Typically, June is the biggest month of the year for real estate closings."
In the condominium market, Bristol County sales plunged 33 percent in April compared with April of 2011.
The median condominium sales price in Bristol County rose 3 percent year over year in April to $135,000.
Statewide condominium sales rose 12 percent in April from April 2011 and the median price increased 4 percent.