Low inventory continues to hamper home sales.
Woburn’s single-family homes took a tumble in March, which The Warren Group blamed on “shrinking inventory," which is “depressing sales volume." Mirroring a similar trend for the commonwealth but not Middlesex County, single-family home sales in Woburn dropped from 23 in March 2012 to 14 in March 2013. So far this year, Woburn has seen 40 homes sold – compared to 58 in 2012, according to The Warren Group, which publishes Banker & Tradesman. "Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, editorial director at The Warren Group. "With mortgage rates low and prices competitive, we're hopeful more sellers will emerge and the trend in dropping home sales will reverse." …
Home sales are down but the median price of a home is up 12 percent.
Home sales at the beginning of 2013 in Woburn were down compared to the same time period last year. Woburn saw a 70 percent drop in home sales in January, 2013 compared to January, 2012, according to statistic gathered by the Warren Group, the Boston-based real estate and banking information publishers for New England. In January, 2013, Woburn had six homes sales, compared to 20 in January of 2013. The median price of homes sold increased, however. In January, 2013, the median price of sold homes was $355,000, a 12.43 percent increase over the median price of a home sold in January, 2012, which was $315,750. The numbers of condos sold in Woburn stayed level in January, 2013 compared to January of last year. There were two condos sold last …
Year shows significant increase in home sales in Woburn.
The year 2012 was good for real estate in the city of Woburn. It was also significantly better than 2011. According to numbers recently released by the Warren Group, Woburn's single-family home sales were up by 60 percent as of November. Condo sales were also up 58.82 percent from the previous year. Woburn's increase in home sales puts it in the same trend as all of Middlesex County, which has seen a 22.41 percent increase in sales between 2011 and 2012. Other towns experiencing an increase in single family home sales in 2012 include: Burlington (43.07%), Lexington (11.76%), Stoneham (29.55%), Winchester (12.22%) and Reading (28.33%). WOBURN PATCH: Facebook | Twitter | E-mail Updates | Pinterest | Instagram
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