Lynn Q3 2018 Report: Prices Continue Upwards
The Lynn market has set new records through the first 9 months of 2018, with the SFH median price increasing 5% and that of condos 11%.
Lynn H1 2018 Housing Market By The Numbers
The median price of the SFHs sold in Lynn in the first half of 2018 increased 5.1% from a year ago, while sales increased slightly. The median price of the condos sold in Lynn in the first half of 2018 jumped 19.3%, although the gain would have been 13.8% without new construction
Lynn Q1 2018 Housing Market By The Numbers
The median price of SFHs sold in Q1 remained steady with the second half of 2017, while sales increased. Condo sales declined somewhat, while the median price was in line with last year’s overall number.
Lynn 2017 Housing Market Review
The median price of the SFHs sold in Lynn in 2017, after reaching $300,000 for the first time in 2016, increased by 11.7% to $335,000. This took the gain to over 40% since 2013. Sales continued their recent climb and were within a whisker of the record set in 2004.
Lynn Q3 2017 Housing Market: Strong Growth in Median Price
The third quarter saw a continuing strong market with the median price of the Single Family Homes (SFH) sold through 9 months rising 15% from the 2016 level. After a flattish first half, the median price of condos sold moved up sharply in Q3 leading to a 12% increase YTD. (Figures in bold represent record levels.)
Lynn Mid-Year 2017 Housing Market: By The Numbers
The median price of the Single Family Homes (SFH) sold in the first half of 2017 jumped 16% to a new high, while the median price of Condos showed a modest 1% increase
Lynn 2016 Housing market By The Numbers
The median price of a Single Famil Home (SFH) in Lynn in 2016 rose 10% to a new record, finally topping the prior 2005 peak. The median price of a condo rose 9%, but was still 2% below the 2006 peak. Sales of both SFHs and Condos increased strongly, but while SFH sales are close to their 2005 level condo sales are still only about half the 2005 peak.
Lynn Q3 2016 Housing Market Report
Through the Third Quarter, the median price of a Single Family House (SFH) in Lynn rose 6% to $290,250 and of a condo by 8% to $196,000. Both numbers are within 1% of the record levels set in 2005-2006.
Lynn Mid-Year 2016 Housing Market Report
In the first half of 2016 the median price of a Single Family House (SFH) in Lynn rose nearly 8% to $285,000, within 3% of the record set in 2005. The median price of a condo rose by 11% to $199,500 and that was a new high.
Lynn Q1 2016 Housing Market by the Numbers
Sales of SFHs recovered from last year’s drop and were close to the record levels of 2005-2005. While condo sales also jumped, they remain well below the average of 60 sales in the 2004-2007 period.
The median price of a SFH was in the range of most of 2015, while that for condos was somewhat lower.
Lynn 2015 Housing Market Review
This Lynn 2015 Housing Market Review shows how far the market has recovered. In 2015 sales jumped 16% and the median price improved 9%, although both numbers remain below their 2005 peaks. The biggest improvement has been seen in distressed sales – foreclosures and short sales – which have plummeted from 34% of total sales as recently as 2011 to just 8% in 2015.
Lynn 2015 Condo Market Review: a remarkable recovery
This Lynn 2015 Condo Market review chronicles the remarkable recovery in the market from the depths of 2009.
Lynn 2015 Mid-Year Housing Market Review
The median price for the first half of 2015 was $269,000, up 6% from $249,900 in 2014, but still 10% below the 2005 peak of $293,000.