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Home sales up in Malden in January

Posted by Jarret Bencks  February 27, 2013 02:48 PM

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Home sales were up slightly in Malden last month, following state trends, according to recently released real estate data.

A total of 11 homes sold in Malden last month, up from 8 in January 2012, according to data from real estate publisher The Warren Group. The median home sale price rose from $250,000 to $270,000.

Statewide, home sales rose over 10 percent to their highest level since 2007, according to an announcement from The Warren Group. A total of 2,680 single-family homes were sold in the state last month, up from 2,436 in January 2012.

Find town-by-town home sales here, and condo sales here.

The data points to a possibly busy spring for the real estate business, according to Timothy Warren Jr., CEO of The Warren Group.

"We ended 2012 on a pretty positive note, and this is carrying into January," he said in a statement. "Recent pending sales data are a hopeful sign for a strong spring market. And given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery."

Jarret Bencks can be reached at bencks.globe@gmail.com. Follow him on twitter @JarretBencks.

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