From January through November 2013, the price of single-family homes and condominiums in Walpole, Massachusetts increased compared to the same 11-month period in 2012, according to data compiled by the Massachusetts Association of Realtors (MAR).
The median price of a single-family home increased 11 percent to $425,000 compared to $383,000 during the same eleven months in 2012. For the month of November 2013, the median price increased to $409,000, an 11.3 percent rise from $367,500 in November 2012.
The number of single-family homes sold in Walpole, MA between January and November 2013 jumped 18.2 percent to 247 sales, up from 209 home sales during the same time period in 2012; however, there were just 15 homes sold in November 2013, a 31.8 percent decrease from 22 homes sold in November 2012. Walpole, similar to many other Massachusetts communities, saw home sales decline in November as a result of a lack of inventory.
The median price for a condominium in Walpole also increased between January and November 2013. The median price of a condominium increased to $237,000, up 5.3 percent from $225,000 during the same eleven months in 2012. For the month of November, the median price increased 33.8 percent to $257,500, a jump from $192,500 in November 2012.
The number of condominiums sold in Walpole, MA between January and November 2013 increased 28.9 percent to 58 sales from 45 condo sales during the same time period in 2012. November condo sales were flat, with six condominiums sold in both 2012 and 2013.
MAR data showed a decline in real estate inventory in November 2013. The number of single-family homes on the market in Walpole dropped by 39.5 percent. The number of condominiums on the market plummeted by 46.7 percent.