Marblehead Mid-Year Report: median price up 4%

· by · in ,

Sales of Single family Homes (SFHs) were remarkable consistent for the fifth year in a row, while the median price increased nearly 4% to a new high for the first half of the year of $595,000. Variations between Q1 and Q2 reflect the mix of sales I highlighted in my Marblehead home prices set record in 2016 First Quarter report.

The condo market saw an increase in sales, while the median price reflected a swing in sales from a majority in 2015 taking place under $250,000 to a majority in 2016 occurring above $350,000. (more…)