The Real Estate Blog
Malden Real Estate Updates
MAR Reports December Home Sales
The Mass Association of Realtors released home sales figures for December 2012.
| Units sold in Dec 2012 | Units sold in Dec 2011 | Percent Change | Units Sold in Nov 2012 | |
| Single Family House | 3,737 | 3,307 | +13% | 4,145 |
| Condos | 1,434 | 1,256 | +14.2% | 1,548 |
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Median Home Price Dec 2012 | Median Home Price Dec 2011 | Percent Change |
| Single Family | $303,500 | $275,000 | +10.4% |
| Condos | $285,500 | $260,000 | +8.7% |
| Ave. Days on Market Dec 2012 | Ave. Days on Market Dec 2011 | Ave. Monthly Inventory Dec 2012 | Ave. Monthly Inventory Dec 2011 | Ave. Monthly Supply(In Months) Dec 2012 | Ave. Monthly Supply(In Months) Dec 2011 | |
| Single Family | 113 | 118 | 18,021 | 25,073 | 4.7 | 7.9 |
| Condos | 102 | 121 | 5,486 | 8,346 | 3.6 | 6.8 |
Mortgage Rates
According to the Freddie Mac survey, average mortgage rates increased for the week ending Thursday, January 31, 2013. The average 30 year mortgage increased from 3.42% to 3.53 and the average 15 year mortgage increased from 2.71% to 2.81.
Mortgage rates one year ago were 3.87% and 3.14% for the 30-year and 15-year fixed mortgages.
Snapshot of the Malden Real Estate Market
Source: MLS Property Information Network
| Single Family | Condos | Multi Family | |
| # of Listings: | 44 | 29 | 16 |
| Avg. Liv.Area SqFt: | 1,588.61 | 1,072.48 | 2,802.31 |
| Avg. List$: | $294,013 | $207,203 | $399,706 |
| Avg. List$/SqFt: | $204 | $202 | $148 |
| Avg. Days on Market: | 75.98 | 107.79 | 309.56 |
Paul Weston is a licenced Real Estate Broker in Massachusetts
Follow me on Twitter: @PH_Weston
Website, including contact information: www.liveinmalden.com
