Melrose home sales rose over 50 percent in December, but still finished 2012 down overall compared to 2011, according to recently released real estate data.
A total of 19 single-family homes sold in Melrose last month compared to 12 in December 2011, according to data from real estate publisher The Warren Group. Overall, Melrose saw a slight decline in home sales in 2012, against state trends. A total of 229 homes were sold in Melrose last year, compared to 237 in 2011.
The median sale price, however, saw a slight increase in Melrose, rising from $392,000 in 2011 to $403,000 last year, according to the data.
Home sales statewide were up 18 percent year-over-year, from 39,594 in 2011 to 46,887 in 2012. The median sale price in December in the state was $300,000, the highest figure for a December since 2007.
"I would characterize 2012 as the year of robust recovery in the real estate market," Timothy Warren, CEO of The Warren Group, said in a statement. "It is clear we have turned the corner and are gaining ground rapidly."