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By PBN Staff
By PBN Staff
BOSTON – Single-family home sales in Bristol County, Mass., increased 11.83 percent in June compared with the same period in 2012, The Warren Group said Tuesday.
The real estate data firm reported 378 houses sold in the county last month, up from 338 in June 2012.
Along with the 11.83 percent increase in sales, the median price of Bristol County single-family homes rose 4.26 percent year over year in June to $240,000, compared with $225,000 in June 2012.
Across Massachusetts, single-family home sales rose 1 percent in June, the second consecutive increase after three consecutive monthly year-over-year sales declines.
“The housing market continues to boom locally, and nationally,” Warren Group CEO Timothy M. Warren Jr. said in a statement “As long as mortgage rates and home prices don’t spike too high, we’ll see a very strong recovery year for the market in 2013.”
As the number of Massachusetts homes sold in May increased, so did the median sale price of single-family homes. The median price rose 8.76 percent in June from $281,000 in 2012 to $315,000 in 2013.
“No monthly median price had been this high for any month since August 2007. Buyers have come out to the market in droves and aggressive bidding is driving up prices. While not a problem at this juncture, I hope for more modest increases in the future,” Warren said. “We don’t want to see prices rise to the point where homeownership becomes unaffordable.”
In other areas of the market, Bristol County condominium sales rose slightly, 1.67 percent, in June compared with the same period in 2012. There were 61 condominiums sold in June, up from 60 during the same month last year.
The median price of Bristol County condominiums sold in June was $153,500, an 18.1 percent increase from the same time last year.