Home Sale Prices on the Rise in Seekonk, Swansea

House sales and the median sale prices are on the increase in Bristol County, according to the Warren Group.
In July 2012, there were 284 homes sold and that went up to 337 for an 18.66-percent. Year to date, there is an increase of 13.84-percent.
The sale price from July 2012 to July 2013 increased by 5.78-percent, while overall, year-wise, the price is up 8.89-percent.
"Many recent real estate reports have signaled a strong real estate recovery, and our numbers speak to that rebound," said David Harris, editorial director of The Warren Group, publisher of Banker & Tradesman. "While consumer confidence and strong employment numbers continue to bolster the market, there's concern that higher mortgage rates and increasing home prices could dampen the revitalized market."
In Seekonk, there has been a drop in year-to-date sales at -19.48-percent, while July 2012 and July 2013 was the same as 13 homes were sold in both months. The good news is the sales' price has increased by 9.33-percent from $429,900 to $470,000. Year-to-date, the median sales price has made a big jump at 22.96-percent, $196,000 to $241,000.
After increasing by 8.11-percent year-to-date in sales, Swansea took a dip from July 2012 to July 2013, going from 13 sales to eight, dropping -38.46-percent.
The median sales price continues to rise, going up 4.21-percent from July 2012-2013 from $189,000 to $193,000. Year-to-date, the number is up 16.20-percent, going from $194,500 to $226,000.
“The combination of buyers wanting to close and move in before the start of the school year and their concern over increasing interest rates resulted in another positive month in July,” said 2013 Massachusetts Association of REALTORS President Kimberly Allard-Moccia, broker-owner of Century 21 Professionals in Braintree. “Hopefully the activity of the past few months will encourage homeowners who are thinking about selling to put their homes on the market. Buyer demand is there, but the shortage of inventory often prices buyers out of the market.”
Home sales are also on the rise statewide.

“A total of 5,941 single-family homes statewide sold in July, up from 5,014 during the same month last year. This is the best month for sales volume since June 2006, when there were 6,152 sales. It's also the best July since 2005 when 6,672 sales were recorded. So far this year, 27,600 homes have sold in Massachusetts, up 3.5 percent from 26,647 during the same period in 2012,” according to The Warren Group.