Warren Group

While the statewide climb in prices was expected, the slight decline in total sales in both Central Massachusetts and the entire state was not foreseen.

With the October sales increase, Massachusetts is now on track to slightly eclipse the total sales seen in 2023.

Other than prices creeping upwards, the Central Massachusetts single-family market saw little change since August last year.

July brought another month of high home prices to Central Massachusetts.

Central Massachusetts saw an increase in the number of single-family homes sold in April when compared to the same month last year, as average sales prices in the region largely continue to climb.

Prospective home buyers in Central Massachusetts are still largely dealing with record high prices and limited inventory, as the average cost of a home purchase in Middlesex and Worcester counties is up around 10% in the last year. 

The Central Massachusetts housing market will see little immediate impact on prices or number of sales in the wake of a national $418-million settlement.

Worcester saw 55 single-family home sales in January, 11 fewer than the city saw in January 2023.

The most significant burden on the single-family market, not just in Central Massachusetts but around the country, is interest rates.

Single family home sales in the City of Worcester dropped 36% in the first quarter of 2023 compared to last year. Sales dropped 53% in March compared to the previous year, according to Peabody research firm, The Warren Group.