Melrose enjoys uptick in single-family home sales
Home sales in Melrose continue to show growth so far this year, while the condominium market remains soft, data shows.
So far this year, nearly 12 percent more single-family homes have sold in Melrose, or 225 properties, according to the Warren Group, which tracks housing data throughout the state.
November median sales prices also improved, from $324,000 in 2010 to $377,450 this year.
To see town-by-town single-family stats, click here; for condos, click here.
Condominium sales dropped, with two units sold last month compared to five in November 2010.
Statewide, home sales are up, but the five-month trend can be deceiving: the past two Octobers have been the worst on record since October 1990, the Warren Group said.
"I'm hopeful that winding down the year on a positive note will stimulate the market in 2012," said The Warren Group CEO Timothy M. Warren Jr. in a statement. "But, a reality check of the numbers shows we may see a record low number of home sales in all of 2011, somewhere near the level in the 1990s."
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