Mass. home sales have biggest February in 17 years
Photo | Grant Welker
A home for sale in Westborough
There were 3,026 single-family home sales recorded in Massachusetts in February, a 12.8% increase from the same month in 2020, and the highest number of sales recorded in February since 2004, according to a monthly report from Peabody real estate data firm The Warren Group, although the Worcester area erred from some of the wider trends.
The number of single-family home sales in Worcester County increased slightly, with 424 sales recorded compared to 422 a year prior, an uptick of only .5%. Year-to-date that figure is up 5.8%, with 982 sales recorded for the first two months of 2021, compared to 928 by this time last year.
Prices are on the rise in Worcester County, with the median sale price for single-family homes coming in at $310,000 last month, compared to $275,000 a year prior, an increase of 12.7%. Year-to-date, that sale price is up 17.9%, with the median single-family home price recorded at $330,000 compared to $280,000 by this time last year.
Condo sales, meanwhile, were down across Worcester County, with 127 sales recorded in February, compared to 143 a year prior, a decrease of 11.2%. Year-to-date condo sales are down 4.9%, in turn, with 252 recorded so far, compared to 265 by this time in 2020. Condo prices, however, were slightly higher, with the median sale price for February coming in at $234,900 compared to $230,000 during February 2020, an increase of 2.1%. Year-to-date, condo sale prices were up 4.4%, with the median sale price to date also coming in at $234,900, up from $225,000 this time last year.
In the city of Worcester, the number of single-family home sales was down 4.3%, with 67 single-family home sales recorded for February, compared to 70 recorded during February 2020. Year-to-date, sales were up 10%, however, with 154 recorded so far in 2021 compared to 140 by this time last year.
Prices in the city of Worcester, in turn, were clearly on the rise, with the median sale price for last month coming in at $300,000, up 21% from $248,000 during February 2020. Year-to-date increases were similarly up 21.6%, with the median sale price so far coming in at $310,000, compared to $255,000 by this time in 2021.
Condo sales in the city of Worcester were down dramatically, with 27 recorded in February compared to 37 a year prior, a drop of 27%. Year-to-date condo sales were down 5.3% overall, with 54 sales recorded in 2021 so far, compared to 57 a year prior. Condo sale prices were up slightly, with the median sale price for the city coming in at $167,500 compared to $165,000 in February 2020, an increase of 1.5%. The median sale price to date was $168,750, up .4% from $168,000 in 2021.
Tim Warren, CEO of The Warren, suggested in the report condo sales might increase as the economy recovers from the coronavirus pandemic.
“With stage four of Gov. Charlie Baker’s reopening plan scheduled for March 22, the Red Sox, Celtics, and Bruins starting to allow fans back into games, and almost a million people vaccinated against COVID-19, a return to normalcy in major metro areas is on the horizon, which will make condos much more appealing to buyers again,” Warren said.
WBJ Web Partners
Most Recent
Most Recent
0 Comments