Local home sales above average

While a nationwide housing slump continues to cause concern for the economy, Shrewsbury’s housing market, however, appears to be bucking some of the national and regional trends.According to the National Association of Realtors’ numbers released last week, the sale of total existing homes dropped by 3.8 percent in June.

Sales declines were recorded in all areas of the country, but the most drastic drop was seen in the Northeast, which fell by 7.3 percent.According to data provided by the Massachusetts Association of Realtors, single-family home sales increased approximately 1 percent in June 2007 in Shrewsbury compared to June 2006, rising to 52 sales from 47 while the median home price rose by $46,000, from $432,000 in 2006 to $478,000 currently