Bedford Home Sales Remain Consistent in January

A new report from The Warren Group indicates that sales of single-family homes in Bedford in the first month of 2013 have remained consistent compared to the numbers from January 2012. 

According to the report, five single-family homes sold in Bedford in January 2013, the same number that sold a year ago in January 2012.

However, while January home sales in Bedford remained consistent with those sold in 2012, the median sale price of single-family homes sold in Bedford in January decreased nearly 40 percent over last year. 

The median sale price for single-family homes in Bedford this January was $475,000 compared to $773,000 in January of 2012. 

Here’s a by-the-numbers look at Bedford Single-Family Home Sales in January 2013:

Category 2012 2013 % Change January Sales 5 5 0 percent Year-to-Date Sales 5 5 0 January Median Sale Price $773,000 $475,000 -38.55 YTD Median Sale Price $773,000 $475,000 -38.55

While the median sale price for single-family homes in Bedford decreased in January compared to last year, the median sale price for single-family home across Massachusetts in January increased for the fourth consecutive month.

The median sale price for Massachusetts single-family homes rose 6.8 percent from $260,000 in January 2012 to $277,750 in 2013.

Statewide, single-family home sales rose more than 10 percent in January to 2,680, according to the Warren Group report, reaching the highest level since 2007.

This is the highest January sales volume for single-family homes in Massachusetts since 2007, when there were 2,953 transactions, according to the report. 

A positive end to 2012 for the real estate market should carry over to the spring months of 2013, according to Warren Group CEO Timothy M. Warren Jr.

"Recent pending sales data are a hopeful sign for a strong spring market," said Warren in a press release. "And given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery."