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Melrose home sales up in November, still trail 2011 pace

Posted by Jarret Bencks  December 27, 2012 10:27 AM

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Melrose saw a 30 percent rise in home sales in November compared to the same month last year, but year-to-date sales still lag slightly behind the 2011 pace, according to recent data.

A total of 26 single-family homes were sold in Melrose last month, up from 20 in November 2011, according to data from The Warren Group, which tracks real estate data statewide. A total of 213 homes have been sold in Melrose year-to-date, down from 223 through November 2011, according to the data.

For town-by-town single-family stats, click here; for condos, click here.

Statewide, there was a 22 percent increase in home sales through November 2012 compared to the same span last year. A total of 43,652 homes have been sold through November this year, compared to 35,718 through November 2011, according to the data.

Home sale prices in Melrose are up slightly compared to last year. The average sale price year-to-date in the city is $401,500, a 1.9 percent increase over last year.

With one month remaining to be reported, this year is trending toward having the most home sales statewide since 2006, according to Warren Group CEO Timothy Warren.

"We're winding down a pretty strong year of real estate in Massachusetts. It looks like sales will be the highest since 2006," Warren said in a written statement. "We're also seeing median prices start to creep up, another positive sign of a healthy market recovery."

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

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