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Follow on Google News | Lowell, MA Single-family Home Prices, Sales Up August 2011Lowell, Massachusetts single-family home prices and sales increased August 2011 compared to August 2010, according to data analyzed by Buyers Brokers Only, LLC.
By: Richard Rosa The data were compiled using MLS Property Information Network, Inc, a local multiple listing service. The median price of single-family homes increased 24.6 percent in August 2011 compared to the previous year, a difference of $42,750. Single- Condominium sales decreased 21.7 percent in August 2011, a difference of five sales compared to August 2010. The median price of condos fell 12.1 percent in August 2011, a difference of $14,550 compared to August of the previous year. Sales of multi-family homes decreased 64.3 percent in August 2011, a difference of nine sales compared to August 2010. The median price of multi-family homes fell 4.6 percent in August 2011, a difference of $8,000 compared to August of the previous year. Real Estate Market Report for Lowell, Massachusetts Sales / Median Price Single family: August 2010 – 32 / $173,500 August 2011 – 47 / $216,250 Condominiums: August 2010 – 23 / $120,000 August 2011 – 18 / $105,450 Multi family: August 2010 – 14 / $172,500 August 2011 – 5 / $164,500 Search For Homes For Sale In Lowell, Massachusetts (http://www.buylowell.com/ # # # About Buyers Brokers Only, LLC: Buyers Brokers Only exclusively represents home buyers, providing real estate advice and legal counsel (through our lawyers' law offices) at no additional cost to its clients throughout Massachusetts and New Hampshire. http://BuyersBrokersOnly.com End
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