Tewksbury Home Sales Slumping; Prices Continue Slide

While home sales and home prices continue to slump in Tewksbury, foreclosures are also down.

According to The Warren Group, 106 single-family homes have been  sold in Tewksbury in 2011 through July 31, that's down from 122 through July 31, 2010, a drop of just over 13 percent.

The median price of the homes sold dipped slightly, from $302,500 to $294,950, a drop of 2.5 percent.

The statistics vary slightly from the state trend. Single family home sales in Massachusetts increased in July by seven percent over June. But 2011 single-family home sales are still down by 16 percent compared to 2010 sales through July 31.

The Warren Group is a Boston-based firm that publishes Banker & Tradesman, The Commercial Record and a series of association publications.

The housing news was not all bad for Tewksbury. The Warren Group reported that condo sales in Tewksbury have remained stable, with 50 units sold this year through July, equal to the same time period a year ago.

In addition, foreclosures are down significantly. According to The Warren Group, 29 foreclosure petitions have been filed in 2011 through June 30. That's down from 62 by June 30, 2010, a drop of better than 53 percent. Foreclosure auctions are also down through June 30, from 51 to 31.

The Tewksbury figures are consistent with state figures. Through June 30, foreclosures in Massachusetts are down 55 percent from last year.