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Lexington, MA Home Sales Decline, Median Price Jumps June 2013

Jul 26, 2013 10:07:00 AM

The number of single-family homes sold in Lexington, Massachusetts in June 2013 declined 29 percent to 51 sales from 72 homes sold in June 2012, the Lexington Patch reported July 25, 2013, but home prices increased.  

Lexington, MA Home PricesThrough the first six months of 2013 198 single-family homes sold in Lexington, down from 204 homes sold in the first half of 2012. The Warren Group, publisher of Banker & Tradesman, tracked the data.

The decline in sales is attributed to a lack of inventory in Lexington and many other Massachusetts communities. That supply and demand inbalance has lead to a spike in median home prices in Lexington, MA.

The median price for a single family home in Lexington increased from $657,444 in June 2012 to $812,800 in June 2013, a 26.3 increase. The median sale price from January through June stood at $775,000, up 11.8 percent compared to a median price of $693,500 during the same period last year. 

Middlesex County saw an increase in home sales in June, with 1,412 single-families selling compared to 1,381 in June 2012.

The median price of a single-family home in Massachusetts increased 12 percent during the first six months of the year compared to the same period in 2012. The median price of a single-family home during the first half of the year stood at $315,000, up from $281,000 during the first half of 2012. Massachusetts home prices increased almost 9 percent in June to $350,000, up from $321,800 in June 2012. June marked the ninth consecutive month of year-over-year home price increases in Massachusetts, and the highest median price since August 2007. 

Lexington, MA Homes For Sale

Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $400,000 - $500,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $500,000 - $750,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $750,000 - $1,000,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,000,000 - $1,250,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,250,000 - $1,500,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,500,000 - $1,750,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,750,000 - $2,000,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $2,000,000 - $5,000,000 

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Topics: Real Estate Market, Community Information, The Warren Group, Massachusetts Relocation, Lexington MA

   

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