The Wakefield real estate market is on the way to a strong
2013, based on recent data from the Warren Group.
The monthly real estate date shows that 35 homes sold in Wakefield during the month of July, compared to 23 for that month in 2012. There were 116 home sales in Wakefield through July this year, up from 100 for that time period in 2012.
Sales prices were also up in town as the summer real estate season began to wind down. The July median sales price for 2013 was $425,000, up from $350,000 last year. Through July, the 2013 median sales price in Wakefield was $402,950, reported the Warren Group.
"Many recent real estate reports have signaled a strong real estate recovery, and our numbers speak to that rebound," said David Harris, editorial director of The Warren Group, publisher of Banker & Tradesman. "While consumer confidence and strong employment numbers continue to bolster the market, there's concern that higher mortgage rates and increasing home prices could dampen the revitalized market."