Massachusetts median home price jumps 27% since 2019
The median price of a Massachusetts single-family home has risen to $535,000, a 27.4% increase from $420,000 two years ago. That data comes from the Warren Group, which collects and analyzes information about real estate sales.
According to the Warren Group, the number of home sales across Massachusetts has also fallen for the second month in a row. Real estate experts believe shrinking inventory is putting a limit on sales activity.
There’s another suspected factor in the decline of home sales in the commonwealth. Prices have increased to a point that’s out of reach for many prospective homebuyers.
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