Contracts High Point in Melrose Real Estate Market

The Melrose market might be rebounding in the short term, a good sign considering a current five-week downward trend. While 24 homes were sold over the last 30 days, the number of contracts executed rose to 45, the highest amount in three months. In comparison, Lynn led all other nearby municipalities with 123 contracts executed. Pricing in Melrose remains consistent from last week to this week, with the median sales price at $514,500 again. With just one month of inventory available and contracts going up, Melrose is a definite seller's market.

Being aware of new listings is a great exercise in finding the right home so take a look at these in Melrose:

$525K   $520K   $749K  

Get started right now by checking out Melrose homes for sale or reviewing Melrose real estate trends.

Demographic facts about Melrose:

  • The total number of vacant homes in the area is 4.6%.
  • The area gets 203 sunny days a year. (U.S. average: 205)
  • The student-to-librarian ratio is 2,075:1. (803:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Laer Realty Partners
Preservation Properties
Snapped 2 homes in this area
The Attias Group, LLC
Snapped 1 home in this area

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