From January through November, the price of a single-family home in Brookline, Massachusetts increased compared to the same period in 2012, the Massachusetts Association of Realtors (MAR) reported recently.
The number of single-family homes sold in Brookline, MA between January and November 2013 rose 3.1 percent to 168 sales, a slight increase from 163 sales during the same time period in 2012. There were 7 homes sold in November 2013, a 58.8 percent decrease from 17 homes sold in November 2012.
The median price for a condominium in Brookline also increased between January and November 2013, according to MAR data.
The median price of a condominium increased to $551,823, up 10.4 percent from $500,000 during the same eleven months in 2012. For the month of November, the median price increased to $588,400, a 20.1 percent rise from $490,000 in November 2012.
The number of condominiums sold in Brookline, MA between January and November 2013 dropped 4.2 percent to 507 sales, a slight decrease from 529 sales during the same time period in 2012. There were 46 condominiums sold in November 2013, a 27.8 percent increase from 36 condominiums sold in November 2012.
According to data compiled by the MAR, Brookline saw a decline in real estate inventory in November 2013. The number of single-family homes on the market decreased by 13.5 percent. The number of condominiums on the market dropped by 22 percent.