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Westford Home Sales Down in June, Condo Sales Remain Steady


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Massachusetts saw an increase in year-over-year single-family home sales in June, but the same cannot be said for Westford.

In a release provided by the Warren Group, Westford saw 25 home sales, a drop from the 43 seen in June of 2014.

So far this year, 90 homes have been sold, a drop of just under 30 percent from the first six months of June in 2013.

At the statewide level, the opposite was true. Single-family home sales rose 3.7 percent throughout the Commonwealth, the first time there was a year-over-year improvement in that area since January.

“These numbers are a reflection of sales made during the spring market,” said The Warren Group CEO Timothy M. Warren Jr. “Mortgage interest rates are lower than they were last summer and demand remains high as homebuyers seem to be overcoming the problems with low inventory. We could see more gains in sales volume in the big months of July and August.”

The median sales price of single-family homes statewide increased by 2.8 percent to $359,900 in June compared with $350,000 in June 2013.

In Westford, the average home of a sold house was $517,900 in June and is $457,500 so far in 2014, both of which are slightly lower than they were in 2013.

Meanwhile condominium sales are slightly higher in town, with 17 sales in June compared to 11 in June of 2013. That makes 57 sales so far this year in Westford, an 11 percent increase over the first six months of 2014.

Statewide condominium sales are up by 9.7 percent, with just under 10,000 sold throughout the Commonwealth over the first six months of 2014.

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