From January through November, the price of a single-family home in Brookline, Massachusetts increased compared to the same period in 2012, according to data compiled by exclusive buyer agent real estate firm Buyers Brokers Only, LLC.
The Massachusetts Association of Realtors (MAR) recently reported the Brookline real estate statistics to members.
The median price of a single-family home increased 9.4 percent to $1,367,250 compared to $1,250,000 during the same eleven-month period in 2012. In November 2013, the median price rose to $1,825,000, a 57.3 percent increase compared to $1,160,000 in November 2012.
The number of single-family homes sold in Brookline, MA between January and November 2013 rose 3.1 percent to 168 sales, a slight increase from 163 sales during the same time period in 2012. There were 7 homes sold in November 2013, a 58.8 percent decrease from 17 homes sold in November 2012.
The median price for a condominium in Brookline also increased between January and November 2013, according to MAR data.
The median price of a condominium increased to $551,823, up 10.4 percent from $500,000 during the same eleven months in 2012. For the month of November, the median price increased to $588,400, a 20.1 percent rise from $490,000 in November 2012.
The number of condominiums sold in Brookline, MA between January and November 2013 dropped 4.2 percent to 507 sales, a slight decrease from 529 sales during the same time period in 2012. There were 46 condominiums sold in November 2013, a 27.8 percent increase from 36 condominiums sold in November 2012.
According to data compiled by the MAR, Brookline saw a decline in real estate inventory in November 2013. The number of single-family homes on the market decreased by 13.5 percent. The number of condominiums on the market dropped by 22 percent.