Home sales in Medford were up nearly 70 percent last month compared to July 2011, according to recently released real estate data.
Statewide, it was the busiest July for home sales since 2005, according to data recently released by real estate publisher The Warren Group. And Medford sales far outpaced the state increase, according to the data.
Medford home sales rose from 23 in July 2011 to 39 in July 2012 -- a 69.6 percent increase. Home sales statewide in July rose from 3,922 in 2011 to 4,979, according to the data.
A total of 192 homes have been sold in Medford through July 2012, up from 127 in the same time period last year -- a 51 percent increase, according to the data. Statewide, home sales are up nearly 25 percent.
Some real estate experts say a real estate market recovery is beginning.
"There are a lot of good signs pointing toward a real estate recovery," said Cory S. Hopkins, editorial director of The Warren Group, said in written statement. "But, we are comparing sales to a very depressed market last summer, so it's important to step back and realign expectations."