Home Sales and Prices Up in Mansfield

Mansfield saw a bump in home sales in 2013, but saw a mixed message in home prices.

According to a report filed by the Warren Group, Mansfield’s home sales increased from seven in the month of April 2012 to 12 in 2013. There were also 37 homes sold by April in 2012 as apposed to 38 in 2013.

There was however, a decrease in median home sale prices during the month of April. The median price for home sales actually went went down from $479,900 in April 2012 to $344,500 in April 2013.

At this point in 2012, the median price was 3$15,000, while 2013 saw an increse to $348,500.

In the state, home sales are down.

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."