Reading home sales decreased in June while prices rose, according to the latest report by The Warren Group. Along with Reading home sale prices, Massachusetts home sales are increasing.
Thirty-three homes were sold in Reading this past June compared to 38 sold in June of 2012, which is a 13.16 percent decrease. Second quarter home sales increased by 8.91 percent compared to a year earlier.
Home sale prices are increasing slightly in Reading. The average home sale price in Reading this past June was $422,000 compared to $418,450 in June of 2012, an .85 percent increase.
Single-family home sales rose one percent in June in Massachusetts. A total of 5,591 homes were sold in June, an increase from 5,535 in 2012. Second quarter home sales increased 2.2 percent. A total of 13,915 homes were sold in the first half of the year compared to 13,616 in the first half of 2012.
"The housing market continues to boom locally, and nationally," said The Warren Group CEO Timothy M. Warren, Jr in a recent report. "As long as mortgage rates and home prices don't spike too high, we'll see a very strong recovery year for the market in 2013."
Condo sales increased significantly this past June in Reading. Twenty-five condos were sold in June compared to six in the same month last year, a 316.67 percent increase. Condo sales in the first half of the year also increased 157.89 percent, with 49 sold in the first half of 2013 and 19 sold in the first half of 2012. Condo sale prices increased as well by 1.90 percent in the first half of the year. The average condo sale price in the first half of 2013 was $290,405 compared to $285,000 last year.
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