Report: Home Sales Rise, Median Price Drops in January
The median price of single-family home sales dropped, the Warren Group reports.
Statewide home sales have bounced back a bit after a 5 percent dip in December, according to a recent report from The Warren Group. Single-family home sales rose more than 3 percent in January 2012, according to the report, while the median price dropped nearly 4 percent; median prices have dropped consecutively for the past four months. In total, 2,425 single-family homes sold across the state in January, up from 2,348 in January 2011. The median sale price, however, decreased by 3.7 percent, or $260,000. The median price in January 2011 was $270,000. The number of homes sold in Arlington remained the same from January 2011 January 2012, with 10 units sold in each of the two months, according to numbers provided by David Sears, a Sales…