Lynnfield, MA Home Prices Decline May 2011

The median home price in Lynnfield, Massachusetts declined by more than 14 percent  in May 2011, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes fell 14.2 percent in May 2011 compared to the previous year, a difference of $81,200.  Single-family home sales in Lynnfield, MA also were lower, falling 9.1 percent in May 2011, a difference of only one sale compared to May 2010. 

In May 2011, the median price of condominiums declined 8.7 percent, or $49,500 compared to May 2010.  Condo sales were flat in May 2011, with two sales in each May. 

There were no multi-family homes sold in Lynnfield, MA during May of 2010 or May of 2011.

Real Estate Market Report for Lynnfield, Massachusetts

               Home Sales / Median Price

Single-family Homes:
May 2010 – 11 / $570,000
May 2011 – 10 / $488,800

Condominiums:
May 2010 – 2 / $310,000
May 2011 – 2 / $260,500    

Multi-family Homes:
May 2010 – 0 / $0
May 2011 – 0 / $0    

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