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Melrose home sales jump in December

Posted by Jarret Bencks  January 24, 2013 12:24 PM

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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.

Click for town-by-town home and condo sales stats

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."

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

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