Forbes ranked the top hottest real estate markets in the country. I had a hunch that one of Massachusetts neighborhoods was going to be on this list. But not this one.
The following is an excerpt from Forbes:
10. Worcester, Massachusetts
The hottest place in Massachusetts in 2020 is not the Boston housing market, but Worcester. Located west of Boston, closer to the center of the state, the Worcester metro area has been blossoming in recent years. Home prices have risen impressively over the last two years, by almost $70,000, from a median price of $329,900 in September 2018, up to a current median of $396,600 in September 2020. But the biggest housing trend in Worcester is the dwindling supply of available homes.
In the Boston metro area, homes available for sale declined by only 14.4% — from 10,330 homes in September 2018, down to 8,847 in September 2020. By contrast, in the Worcester area, housing inventory has been cut in half by its record number of sales: From 3,184 homes two years ago, down to just over 1,600 available for sale in 2020.
Filed Under: I’m in the wrong neighborhood.