Home sales in Somerville were up in August, according to figures released Tuesday by The Warren Group, publisher of Banker & Tradesman. It was only the second month in 2013 that saw an increase in home sales when compared to 2012.
In August, 67 single-family homes and condos sold in Somerville, compared to 60 in August of 2012—an 11.6 percent increase.
Home sales were down 17 percent in July and 34 percent in June, compared to July and June of 2012. Before August, every month of 2013, except April, saw sluggish home sales when compared to the same month in 2012.
Still, on the year home sales were down in Somerville. Through August, 350 condos and single-family homes sold, a 14.8 percent decrease from the 411 homes that sold through August of 2012.
Meanwhile, sale prices continued to rise. Through August, the median sale price of single-family homes in Somerville was $529,500. That compares to $449,000 during the first eight months of 2012. For condos, those numbers were $405,000 and $387,500, respectively.