Worcester condo sales drop 22% in April as prices spike 17%
Photo | Grant Welker
A home for sale in Worcester
The number of Worcester county condo sales in April dropped 21.6% compared to the same month in 2019, according to the monthly report from Peabody real estate data firm The Warren Group.
The change comes as the coronavirus all but shuttered the economy for two months, and as consumers were encouraged to stay at home as much as possible, avoiding unnecessary in-person interactions.
April 2020 saw 120 condo sales in Worcester County, compared with 153 the year prior. With fewer condos being sold, the median sale price of those sold in April 2020 rose to $240,750 — a 17.4% increase from the $205,000 median price in April 2019.
Despite the coronavirus slowdown, the 550 condo sales in Worcester year to date in 2020 is up from the 512 the year prior, according to the report. The median sale price for Worcester condos year to date is $237,700, up 16% from the $205,000 year to date in 2019.
Statewide, April’s monthly sales are down 13.7%, with year to date sales also down 2.8%, according to the report. Across all counties, the median sale price is $428,000, up 11.8% from 2019.
“As the jump in median price indicates, there is a strong demand for the limited supply of homes for sale,” said Tim Warren, CEO of The Warren Group, in a statement.
CORRECTION: A previous version of this story incorrectly claimed the Worcester County condo data was for single family homes.
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