Home Sales Up in Canton for April, Down in the State

Home sales in Canton are up for 2013, according to the Warren Group.

At this point in 2012, 14 homes were sold during the month of April. This year, 17 homes were sold. Total home sales for the year are also up, with 41 homes sold by April 2012 and 50 homes sold so far in 2013.

The year to date median price for homes sold has increased, from $746,875 to $749,000 in 2013.

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."