Medford Home Sales Continue to Outpace State Figures

A look at the most recent real estate data.

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."

Ed Nolan September 02, 2012 at 02:27 AM
Does anyone ask themselves why houses in Medford are being sold faster than the state average ... Does anyone ask themselves whom are buying up the houses at such a deal why ??? Why is Medford such a turnover city.........
Concerned Citizen September 02, 2012 at 04:02 AM
Its statewide and its a good thnig for real esate to sell. Its a sign that things are picking up locally which is what we need. But lets talk about who stays and why.... In my neighborhood I live in the house my parents owned since 1961. My neighbors are simiarly lucky to do so. Why do we stay? Because we love it here. To see a great show we are 5 miles by car. If you work in Boston, you can hop on the express bus and get there in 15 minutes. Our kids and their parents have known diversity all our lives because Medford has enjoyed it for hundreds of years.
Concerned Citizen September 02, 2012 at 04:05 AM
If want to walk in the woods I go over to South Border Road and walk by Bellvue pond and if I want company the friends of the fells will give me a tour. If I want to go boating I can head down to the Mystic or up to Spot Pond next door in Stoneham. I learned to swim at Wrights pond. Every Spring I wait for the little league baseball kids to march down Fulton Street in the parade while a liitle band plays Take me out to the ballgame. And when I want to see a profesional game I hop on the train for the 2 minute ride on the orange line and jump on the redline to go to Fenway.
Concerned Citizen September 02, 2012 at 04:07 AM
When I want to fix something at the house and need supplies I stop over at the local hardware store Modern hardware where I just ask for whatever I need and they get it for me and I can discuss with them what I a doing so that sometimes I feel like I'm in an episode of "This Old House". We have bakeries that rival the ones in the North End, Modern is a sister shop to one and Arthurs has ricotta pie that people come from other states to get at Eastertime. This city has a local hospital and a workd reknowned college. When I talk to work collaegues from other suburban towns, I find I pay less taxes becuase we enjoy having businesses in our city. We just added a new park and you can ride your bike or walk your dog there. If your bike needs fixing you can stop by the Bike shop on Salem Street where they will fit you and fix your bike. I like them becasue the guys there put my bike rack together and actually put it on my car for me. My parents are buried in the local cemetary and our deceased neighbors parents are buried a few plots back. I go by and plant flowers there and change the decorations by season. Every spring the veterens make sure each vet gets a flag and the city put up a memirial for my Dad over by the high school with the othe WW2 vets with a big gold eagle on top. So in my little corner of N Medford we aren't leaving too soon.. Sorry for being so long winded on this ,,,
raymay September 02, 2012 at 10:21 PM
That so many hang onto their homes well into their golden years may have something to do with the turnover. I suspect the composition of Medford will look a lot younger in the coming years. My part of town was populated by older, retired couples. In the nine years I've been here, two couples have passed on, and one couple has moved to be closer to their children. One house will be up for sale soon, the others were sold to young adults in their thirties.


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