Real Estate

Somerville Home Sales Down in First Half of 2013

But sale prices were up.

The number of homes sold in Somerville during the first half of 2013 was down when compared to the same period of 2012.

That's according to figures released Tuesday by The Warren Group, publisher of Banker & Tradesman.

Through June of this year, 216 condos and single-family homes sold in Somerville, according to the figures. That's nearly a 35 percent decline from the first six months of 2012, when that number was 270.

In June alone, 60 condos and single-family homes sold this year, compared to 92 in June of 2012. Every month of 2013, except April, saw sluggish home sales when compared to the same month in 2012.

That said, homes in Somerville sold for more money during the first half of 2013 than they did during the first six months of 2012.

The median sale price of a single-family home through June of 2013 was $520,500. It was $412,500 in 2012.

As for condos, the median sale price was $401,500 in 2013, compared to $383,000 in 2012.

Condos made up the bulk of sales in Somerville. A total of 172 condos sold in Somerville through June of 2013. A total of 44 single-family homes sold.

It should be noted that single-family homes and condos represent about about 44.7 percent of Somerville's housing stock, according to a November 2012 tax assessors report to the Somerville Board of Aldermen. Two- and three-family homes, which aren't represented in The Warren Group's figures, make up about 50.7 percent of the housing stock.


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