On the Mainland, Berkshire County Noticed the Biggest Progress in January Gross sales
Almost 10% extra single-family houses in Massachusetts have been bought final month than a 12 months prior, however the expanded stock got here with a median sale value that leap 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 houses bought right here in January represented a 9.3% improve over January 2024’s 2,403 single-family house transactions. The median single-family house value elevated 6.4% year-over-year to hit $585,000, a brand new report excessive for the month.
Among the many mainland Massachusetts counties, Berkshire County noticed the best development in January gross sales. The 97 houses bought there final month marked a 29.3% improve over the 75 gross sales in January 2024. Barnstable County was a detailed second, with 212 January gross sales representing a 26.9% improve over January 2024, based on The Warren Group.
Essex County was the one county (excluding Nantucket and Dukes counties) to see a decline in houses gross sales final month. The Warren Group mentioned there have been 264 single-family houses bought 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 position 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.
