April Home Sales Up in Walpole

Walpole saw an increase in home sales in April, according to the Warren Group.

In 2012, 17 homes were sold in April. This year, 22 homes were sold in April. At this point in the year, 2012 and 2013 are exactly the same with 52 homes sold at both points in the year.

The state, however, is seeing a dip home sales.

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."