Business & Tech
Somerville Home Sales Leveled Off in April
On the year to date, sales continue to be stronger in 2012 than they were in 2011.
The number of homes sold in Somerville leveled off in April after a strong beginning to the year.
A total of 32 single-family homes and condos sold in Somerville in April this year, according to figures from The Warren Group, publisher of Banker & Tradesman. In April of 2011, 34 homes were sold.
On the year, home sales in Somerville are still up when compared to 2011. During the first four months of 2012, 117 single-family homes and condos sold; that number was 85 in 2011.
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It's important to note the figures do not reflect the number of two- and three-family homes in Somerville, which, together, represent about 51 percent of the housing stock in the city, .
While Somerville had a flat month, across the state home sales rose in April. There was a 22 percent increase in the sale of single-family homes this April, as compared to April of 2011, and there was a 12 percent increase in condo sales, according to The Warren Group.
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