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August Saw Gains In Wakefield Real Estate Market

Single family home sales were up in August both year to date and for the month.

Wakefield’s real estate market saw a year over year improvement in August single family home sales, according to new data from the Warren Group.

In August, 24 single family homes sold in Wakefield, showing a decent improvement over the 19 sales recorded that same month in 2011. Year to date, there have been 124 home sales in Wakefield, while at the end of August 2011, there 113 sales on the books.

The median sale price, both for the month of August and year to date, has held basically steady in Wakefield over the past 12 months. This year’s August median sales price was $405,000, compared to $414,000 for that same month in 2011. The year to date sales price in Wakefield is $379,175, while at the end of August 2011 it was $370,000 -  a difference of 2.48%

Statewide, 5,118 single family homes sold in August, up from 4,262 twelve months earlier. Year to date sales have also risen 24% over the past 12 months, to 31,733 statewide.

"One more month of strong home sales confirm speculation that the housing market recovery is underway," said The Warren Group CEO Timothy M. Warren Jr. "Even though we are comparing to a slow August last year, the consistent sales volume of 4,000 to 5,000 in the past few months is a promising indicator."

 

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