Home sales in Worcester County outperform state in May
While sales of single-family homes were down statewide in May, they did well in Worcester County, The Warren Group of Boston reported yesterday. Compared with the previous May, Massachusetts saw a 2.6-percent decline overall, but Worcester County saw sales bump up 6.2 percent — 601 sales vs. May 2014’s 566.
The median price of a single-family home in Worcester County also rose compared with May 2014, from $233,641 to $241,900. That is a 3.5 percent increase. For the state as a whole, the median sales price of a single-family home was $340,000 in May, unchanged from the same month in 2014.
In Middlesex County, sales of single-family homes declines 11 percent compared with the previous May. The median price, however, rose. The 1,029 single-family homes sold in May 2014 had a median price of $435,000; the 920 single-family homes sold last month had a median price of $466,450, an increase of 7.2 percent.
May’s statewide decline in single-family home sales was the third time this year single-family home sales declined compared with the same month last year.
"Most of these May closings went under agreement at the start of the spring selling season in March," said Timothy M. Warren Jr., CEO of The Warren Group. "We won't see the peak sales numbers until the middle of summer in July."
Statewide, condominium sales fell in May, with a total of 2,023 transactions completed compared with 2,146 in May 2014. May marked the seventh consecutive month condo sales have decreased on a year-over-year basis. Prices, though, were up 2.2 percent; the median price of a condo was $327,000, compared with $320,000 in May 2014.
Again, Worcester County sales activity ran counter to the statewide trend. Condominium sales in Worcester rose 21.7 percent in May (168 sales) compared with May 2014 (138 sales), according to The Warren Group. The median sale price of a condo in the county, however, decline this May compared with the previous year, from $203,875 to $176,250.
In Middlesex County in May, sales of condos declined 15.1 percent in May, while the median price rose slightly, from $380,000 in May 2014 to $381,000 in May 2015.
The Massachusetts Association of Realtors (MAR) yesterday also reported that single-family sales were down in May 2015 compared with May 2014. The realtors association, which tracks purchases using a different method from The Warren Group’s, said single-family home sales declined 5.2 percent this May compared with a year earlier in part because of low inventory; and that the median price fell 1.5 percent, from $346,325 to $341,000.
WBJ Web Partners
Most Recent
Most Recent
0 Comments