Belmont House Prices Jump as Sales Fall
Year-to-date median prices up by more than 10 percent.
While the number of single-family sales in the Town of Homes is slowed over the first two months of 2013, the typical Belmont home price has jumped in the past month and since the beginning of the year. Only four homes were sold in town in February compared to seven during the same month last year. Statewide, a total of 2,246 homes sold in February, a five percent decrease from 2,366 sales in February 2012, the first month since December 2011 that home sales posted a decrease. "Two factors caused this modest drop in February: low inventory and a comparison with a strong previous year of sales," said Timothy M. Warren Jr., CEO of The Warren Group, the publisher of Banker and Tradesman. With the drop in sales is countered by a more than …
