Massachusetts Saw the Fewest Home Sales in Any August Since 2014
Interest rates have been on the increase, seemingly causing the housing market in Massachusetts to slow down. A new report from The Warren Group released on Tuesday shows that there were 5,732 single-family homes sold in Massachusetts in August 2022, a 9.9% drop from August 2021, and the fewest home sales in any August for the past 8 years.
So far the number of house sales in Massachusetts in 2022 is down 11.3% compared to the same 8 months from 2021, meanwhile the price of the average single family home has increased by 7.8 percent to $555,000 over the same period according to the report.
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