Massachusetts Home Sales Hit 16-Year High

Massachusetts Home Sales Hit 16-Year High

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More single-family homes were sold last year in Massachusetts than in any other year since 2004, despite a once-in-a-century pandemic that threatened the financial security of thousands of residents and dramatically changed the process of buying and selling a home.

There were 61,469 single-family home sales in 2020 — a 3.9 percent increase over the sales total of 2019, according to The Warren Group. The median sale price for those homes climbed 11.4 percent from 2019 to hit $445,500 last year.

Almost everyone who sold or purchased a home in 2020 probably had to deal with COVID-19 restrictions and safety measures in one way or another. Packed spring open houses gave way to virtual showings and eventually to tightly scheduled and timed windows for prospective buyers to tour homes for sale.

 But despite the new hurdles COVID-19 imposes on buying or selling a home, the virus and its accompanying shift toward remote work helped to fuel a migration away from cities and toward "vacation" areas in Massachusetts like Cape Cod and the Berkshires, Warren said.

Read the entire story now only on The Berkshire Eagle.Com

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