Bristol County, Mass., home sales rise 37% in November

SALES OF SINGLE FAMILY HOMES in Bristol County, Mass. rose 37 percent in November as prices rose 5 percent.
Posted 12/27/12

BOSTON – Sales of single-family homes in Bristol County, Mass., rose 37 percent in November compared with the same period last year, The Warren Group said Thursday.

The real estate tracking firm reported 353 Bristol County houses sold during November, up from 258 in November 2011.

Helped by the jump in sales, the median single-family sale price rose 5 percent year over year in November to $225,000. Last November the median sale price was $215,000.

The healthy sales figures in Bristol County followed the rest of Massachusetts, where statewide November sales jumped 38 percent, the 11th consecutive month of increased volume.

The median Massachusetts single-family sale price in November was $275,000, a 2 percent increase from the $270,000 median last November.

“We're winding down a pretty strong year of real estate in Massachusetts,” said The Warren Group CEO Timothy M. Warren Jr. “It looks like sales will be the highest since 2006. We're also seeing median prices start to creep up, another positive sign of a healthy market recovery.”

In other segments of the market, Bristol County condominium sales rose 15 percent in November year over year. There were 53 condominiums sold in November, up from 46 last November.

The median Bristol County condominium sale in November was $172,000, a 23 percent increase over the November 2011 median of $140,000.

Statewide, year-over-year condominium sales rose 33 percent in November and the median condominium sale price jumped up 7 percent to $275,000.

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