Seekonk and Swansea See Mixed Results in Home Sales

Seekonk and Swansea have seen a dip in home sales in 2013.

Seekonk saw 13 homes sold in April 2012, while in 2013 only six were taken off the market. At this time in 2012, there had been 38 homes sold and 2013 saw 28 homes sold.

The yearly median home sale price went up as well, from $201,500 in 2012 to $246,600 in 2013

Swansea had mixed results in 2013. April 2013 compared to 2012 saw an increase from 12 to 15, but for the year 2012 had more home sales, 42 as apposed to 2013’s 15 homes sold. The median price for homes sold went up 5.36 percent, from $205,000 in 2012 to $218,000 in 2013.

The state also saw a dip in home sales.

In April, there were 3,504 single-family home sales, down about 1 percent from 3,541 in April 2012. This marks the third consecutive month that sales volume decreased year-over-year. April sales volume reached the highest level so far this year; surpassing the 2,979 sales recorded in March. Year-to-date sales are also down 2.7 percent - a total of 11,244 homes have sold so far this year, down from 11,558 during the same period last year.
"There is high demand and low inventory this spring, which is causing this pattern of rising prices and dropping sales volume," said Timothy M. Warren Jr., CEO of The Warren Group. "Despite the news that sales volume is down, low mortgage rates and steady home values are helping buoy consumer confidence."