Prices of Braintree Homes Sold in January up From Last Year

Statewide, single-family home sales reached the highest level since 2007.

The median sale price of homes sold in Massachusetts rose for the fourth straight month in January, hitting $277,750, the highest value in three years. And more single-family homes sold last month than any time since 2007.

Braintree saw an even higher average sale price – going from $294,000 in January 2012 to $315,350 last month, according to a report released Tuesday by The Warren Group.

"We ended 2012 on a pretty positive note, and this is carrying into January," said Timothy M. Warren Jr., CEO of The Warren Group. "Recent pending sales data are a hopeful sign for a strong spring market. And given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery."

While statewide the number of homes sold year-over-year increased 10 percent from 2,436 to 2,680, in Braintree 16 single-family homes were sold in both January 2012 and 2013.

In Norfolk County, sales increased from 286 to 352 and the median single-family home price went from $325,500 to $360,000.

Condominium sales rose even more by percentage in Massachusetts in January, up to 1,006 from 907. Statewide condo prices dropped slightly to $240,000, while in Braintree the median price went from $244,000 to $260,000.

Nine condominiums were sold in Braintree in January 2013 compared to six a year ago, The Warren Group reported.


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