Real Estate
Peabody Home Sales and Median Value on the Rise: Report
According to website Itemlive.com, both single-family sales and median price increased 6 percent from January through June of 2015.
PEABODY, MA – The real estate market in Peabody remains robust, as home sales and median price of residences have increased compared to this time last year, according to a report from Itemlive.com.
The website reported that both are up 6 percent compared to the first six months of 2015.
According to Itemlive.com, 164 single-family homes have been sold in Peabody from January to June of this year and the median price of residences is $380,000; last year, 155 homes had been sold and the median price was $359,974.
Find out what's happening in Peabodyfor free with the latest updates from Patch.
Peabody Mayor Edward Bettencourt reacted to the news on Twitter, where he called the housing market in the city "strong."
PBD housing mkt strong with single-family sales up 6%; median price increase to $380k, 6% increase over last year. https://t.co/9YhqTKb3YI
— Mayor Bettencourt (@PeabodyMayor) July 28, 2016
Itemlive.com's report examined seven other North Shore communities. To see how Peabody stacked up against its neighbors, click here.
Find out what's happening in Peabodyfor free with the latest updates from Patch.
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