Real Estate

Low housing inventory caused prices to climb as single-family home sales dropped in February, marking the third time sales declined in the last four months, The Warren Group reported.

Prices rose but home sales fell in February in Massachusetts, according to data released today by the Massachusetts Association of Realtors (MAR).

Campanelli Construction of Braintree has been selected to renovate the future home of O'Reilly Auto Parts in Devens.

A warehouse that sits on more than four acres of land in Ashland has been sold for $1.9 million, a broker involved in the deal said Friday. The property, located at 60 Pleasant St., contains an industrial warehouse of more than 73,000 square feet, according to a statement from Parsons Commercial Group, which represented the buyer, Sixty Pleasant Realty LLC. The seller, Gamewell Realty, was represented by REP Realty Advisors, according to Parsons.

Worcester is well-positioned in the fields that correlate most with economic growth, a public policy expert said Friday.

While Realtor market confidence in the Bay State remained below 2013 levels in February, it improved on a month-to-month basis, and price confidence remained high, according to the Massachusetts Association of Realtors (MAR).

A study commissioned by the Worcester Regional Chamber of Commerce says the city is in a strong position to attract new companies in the manufacturing, health, education, and science and technology industries because of its growing population and more innovation-based “industry clusters” in the area.

Renovation of the former Telegram & Gazette building in downtown Worcester got a boost with more than $16.2 million in funding announced Tuesday by MassDevelopment.

A particularly cold and snowy winter caused home sales to drop in all New England states except Vermont, according to the RE/MAX of New England February Monthly Housing Report.

As spring nears, homebuyers in Central Massachusetts face few choices and skyrocketing prices.