On the Mainland, Berkshire County Noticed the Biggest Progress in January Gross sales
Almost 10% extra single-family properties in Massachusetts had been offered final month than a 12 months prior, however the expanded stock got here with a median sale worth that bounce up by greater than 6% to hit a brand new all-time excessive for January.
The Warren Group reported Tuesday that the two,626 single-family properties offered right here in January represented a 9.3% enhance over January 2024’s 2,403 single-family house transactions. The median single-family house worth elevated 6.4% year-over-year to hit $585,000, a brand new file excessive for the month.
Among the many mainland Massachusetts counties, Berkshire County noticed the best development in January gross sales. The 97 properties offered there final month marked a 29.3% enhance over the 75 gross sales in January 2024. Barnstable County was an in depth second, with 212 January gross sales representing a 26.9% enhance over January 2024, in accordance with The Warren Group.
Essex County was the one county (excluding Nantucket and Dukes counties) to see a decline in properties gross sales final month. The Warren Group stated there have been 264 single-family properties offered in Essex County in January, one fewer than in January 2024.
The dynamic of chronically-limited stock and always-escalating costs has performed a serious function in driving up value of residing in Massachusetts. State policymakers are relying on a brand new housing manufacturing legislation to start to chip away at what’s projected to be a 220,000-plus housing unit scarcity by 2030.
