Jul 26, 2014
Partly Cloudy

Somerville Home Sales Remained Steady in October

Heading into the fourth quarter of 2012, home sales on the year were up by about 31 percent.

Somerville Home Sales Remained Steady in October

As home sales across the state jumped in October, according to figures from The Warren Group, publisher of Banker & Tradesman, they remained steady in Somerville.

A total of 37 single-family homes and condos sold in Somerville in October, compared to 36 in October of 2011, according to the figures.

That said, home sales were up by around 31 percent for the year through October. A total of 486 single-family homes and condos sold through October of 2012. That compares to 370 in the first 10 months of 2011.

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 represent about 50.7 percent of the housing stock.

Throughout Massachusetts there was a jump in home sales during October, The Warren Group reported. Sales of single-family homes were up 21 percent, compared to October of 2011, and sales of condos were up 48 percent.

Don’t miss updates from Patch!