Mass Single-family home sales flat last month
Boston Condos for Sale and Apartments for Rent
Mass Single-family home sales flat last month
Single-family home sales in Massachusetts were flat last month as median home sale prices reached a new high, according to a new Warren Group report.
Coming off January’s double-digit home sale growth, February home sales remained flat from last year with 2,042 sales. Meanwhile, the median single-family sale price spiked 10% to $548,250, a new high for the month.
“A lack of inventory is the biggest factor driving these trends, and with fewer and fewer homes hitting the market, we can fully expect to see more recording-setting prices paired with a low sales volume in the coming months,” said Cassidy Norton, associate publisher and media relations director of the Warren Group.
Since January, 4,438 homes have sold, up 0.1% from the first two months of 2023. During the same period, the median single-family home price rose 10.2% to $550,000.
