Home sales in Bristol County, Mass., rise 17% in May

SINGLE-FAMILY SALES in Bristol County, Mass. rose 17.43 percent compared with the same period in 2011. For a larger version of this chart, click HERE.
Posted 6/26/12

BOSTON – Single-family home sales in Bristol County, Mass., rose 17.43 percent compared with the same period in 2011, The Warren Group said Tuesday.

There were 256 single-family properties sold in Bristol County in May compared with 218 last May.

The median sale price declined 2.34 percent to $230,000 from $235,500 in May 2011.

Statewide, Massachusetts single-family home sales jumped 34.63 percent in May compared with the same period last year, as the median sale price dropped 3.35 percent.

The Massachusetts median single-family home sale price in April was $289,950.

“The spring market has been especially strong in Massachusetts,” Cory S. Hopkins, editorial director of The Warren Group, said in a release. “We’re expecting home sales to continue to soar this summer, thanks to low mortgage rates and affordable prices luring buyers into the market.”

“Prices are continuing to drop, indicating buyers are in the driver’s seat, and making good deals,” added Hopkins. “For the second month in a row, the price of a single-family home is less than a condominium, a reflection of low inventory in the condo market and a number of less expensive single-family homes coming on the market in recent months.”

Statewide condominium sales grew 50.84 percent in May from May 2011, while the median price increased 0.61 percent to $290,000.

Conversely, Bristol County’s condominium sales plunged 59.6 percent year over year in May. The median condominium sales price in Bristol County dropped 26 percent year-over-year in May to $103,567.

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