Melrose home sales stall in January
Home sales in Melrose dipped in January from the same month last year, new housing data shows.
In January of 2011, buyers closed on 16 homes, compared to 11 this year, according to the Warren Group, which tracks housing data statewide.
While condominium sales were nearly flat, with five selling in January compared to four in January 2011, the median price for a unit slid $68,000 to $100,000.
For town-by-town single-family stats, click here; for condos, click here.
Home prices were more stable, however, and remained near $380,000.
Statewide, home sales increased on lower prices that drew buyers into the market, said Warren Group CEO Timothy Warren.
"After a decline in sales volume in December, it's promising to see the highest sales volume in five years in January," Warren said. "Given low mortgage rates and steady prices, there's hope this year may fare a bit better."
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