REPORT: Lexington Homes, Condos Trending in Opposite Directions
The number single-family home sales decreased slightly in November 2012 as median sale prices rose sharply over November 2011, according to a Warren Group report that indicates condo sales increased while prices fell.
A new report from The Warren Group indicates that sales of single-family homes and condos in Lexington are trending in opposite directions. According to the report, released Dec. 27, the number of single-family homes sold in Lexington in November 2012 dropped slightly, from 36 to 34, while the median sales price rose an impressive 53.83 percent over 2011 sales. When it comes to condos, those trends are reversed: Sales are up from 3 in 2011 to 8 in 2012, but the median sale price fell more than 13 percent. For more on Lexington real estate, check out Patch blogger/Local Realtor Kristin Brown-Orr's real estate "Year in Review." Overall, The Warren Group report indicates Massachusetts home sales in November posted the largest year-over-…
