The city of Melrose is a wonderful bedroom community with both the Oak Grove MBTA stop and commuter rail options for car-free commuting. It has a lovely center with a Victorian flair.
Here’s the latest on what’s happening in the market. (The sold statistics are for the last 6 months.)
What this information shows us is that the single family market is doing well, however the condo market is continuing to struggle in the city. If we look at the average Days on Market for all sold properties, we see more confirmation:
Single Family Homes - 77 Average Days on Market
Condos - 159 Average Days on Market
Multi Family Homes - 137 Average Days on Market
Would you like more information about buying or selling a home in Melrose? Just ask - it’s what I’m here for!
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