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Single family home sales in the city of Worcester more than doubled in April, as sales statewide fell slightly but continued to outpace last year’s growth.
Sales in the city of Worcester itself increased 58 percent in April, and the median sale price for a home grew by 6 percent, according to data released Tuesday by Boston real estate analysis firm The Warren Group.. The number of sales also grew in Westborough (40 percent), Leominster (30 percent), while sales fell by 56 percent in Fitchburg. In Middlesex County, Marlborough home sales fell by 41 percent and sales in Framingham grew by 30 percent.
Across Worcester County, single-family home sales fell 9 percent from 135 sales in April 2016 to 123 last month. The median sale price for a house in Worcester County also fell 2 percent from $177,000 to $172,800.
Statewide, 4,102 single-family homes were sold in April, a 4.5-percent decrease from April 2016. The median sale price in Massachusetts ticked up by nearly 3 percent to $345,500.
Timothy Warren, CEO of The Warren Group, said that sales slipped a bit in April because April 2016 was a gangbuster month, with home sales increasing over 35 percent and condos gaining nearly 19 percent.
“These benchmarks were too hard to match,” said Warren.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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