Bristol County, Mass., home sales rise 4% as prices drop
BLOOMBERG NEWS FILE PHOTO DAVID CALVERT
SALES of single-family homes in Bristol County, Mass., rose 4 percent in November, while the median purchase price of those homes fell 4 percent compared with the same period last year, The Warren Group said Wednesday.
BOSTON – Sales of single-family homes in Bristol County, Mass., rose 4 percent in November, while the median purchase price of those homes fell 4 percent compared with the same period last year, The Warren Group said Wednesday.
The real estate tracking firm said 224 homes sold in the county in November, up from 216 a year ago.
At the same time, the median sales price dropped to $220,000 for the month from $235,000 in November 2010.
The Bristol County figures follow a statewide trend of rising sales and falling prices.
Massachusetts year-over-year sales increased 13 percent in November, the fifth straight month purchase volume beat last year. At the same time, the statewide median sales price dipped 8 percent in November compared with last year to $271,000.
In other areas of the market, year-over-year condominium sales increased 7.6 percent in November compared with 2010, while the median condo sales price declined 1 percent to $259,000.
“I'm hopeful that winding down the year on a positive note will stimulate the market in 2012," said The Warren Group CEO Timothy Warren Jr. "But, a reality check of the numbers shows we may see a record low number of home sales in all of 2011, somewhere near the level in the 1990s.”
Separately, the Massachusetts Association of Realtors - which uses different sources to track home sales than The Warren Group - also reported November statewide single-family home sales increased 13 percent from a year ago.
The Association of Realtors said the median single-family sales price dropped 4 percent for the month compared with a year ago to $284,500.
Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.