Somerville Sees Strong Home Sales in April

After a slow winter, Somerville saw a surge in home sales in April.

According to figures from The Warren Group, publisher of Banker & Tradesman, 45 condos and single-family homes sold in Somerville in April, compared to 31 in April of 2012. That's a 45 percent increase.

On the year, however, home sales are slightly down in Somerville compared to 2012. in 2013, 101 condos and single-family homes sold through April, compared to 116 during the same period in 2012.

Sale prices were up, however. Through April, the median sale price of a single-family home in Somerville was $529,500 in 2013, compared to $360,000 during the same period in 2012. As for condos, in 2013, through April, the median sale price was $413,000. That compares to $382,500 in 2012.

It should be noted that single-family homes and condos represent about about 44.7 percent of Somerville's housing stock, according to a November 2012 tax assessors report to the Somerville Board of Aldermen. Two- and three-family homes, which aren't represented in The Warren Group's figures, make up about 50.7 percent of the housing stock.