Massachusetts Real Estate Forecast
Description
How to fill out Massachusetts Property Management Package?
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FAQ
Are home prices dropping in Massachusetts? No way. Prices still going up, up, up. While fewer homes are being sold on the South Shore and across the state, the amount of money sellers are getting for their homes continues to rise, ing to data from The Warren Group.
Are home prices dropping in Massachusetts? No way. Prices still going up, up, up. While fewer homes are being sold on the South Shore and across the state, the amount of money sellers are getting for their homes continues to rise, ing to data from The Warren Group.
Home prices are rising steadily as the market warms up. Median home prices were up by 0.3% YoY in April 2023. However, sellers can benefit from selling a house in Massachusetts now, if: Mortgage Interest Rates Predicted to Rise: Mortgage rates are relatively high at 6.79%, and may continue to rise.
The hottest housing markets in Massachusetts are on the ocean, in the mountains and in Gateway Cities. The top-ranked 25 ZIP codes also include neighborhoods in Worcester, Lowell and Lawrence ? evidence that the steep price increases that marked Greater Boston's housing market for years have now spread to other cities.
The real estate market in Massachusetts witnessed several notable trends and shifts in July 2023: Statewide closed sales were down for both single-family homes and condominiums. The median prices for both property types experienced an increase compared to the same period last year.