MA real estate sale numbers down from 2022

MASSACHUSETTS — The Massachusetts home market was a minefield for both sellers and buyers in 2023. According to a new report from The Warren Group, single-family home sales fell to a 12-year low in 2023, with limited inventory and record-high prices contributing to the overall decrease. MA real estate sale numbers down from 2022. This is strictly the volume of sales as the more often then not the average prices have risen.

Real estate sale numbers down from 2022

ANDOVER MA:

YTD Number of Sales 324 vs. 251 -22.5%
Median Sale Price $795,000 vs. $780,000-1.9%

NORTH ANDOVER MA:

YTD Number of Sales 246 vs 194 -21.1%
Median Sale Price $707,500 vs. $810,000 14.5%

ALL MASSACHUSETTS:

YTD 52,639 vs  40,828 homes sold in 2023, A 22 percent decline from 2022. The median single-family home price in 2022 was $550,000. That number rose 2 percent in 2023, bringing the median price to $570,000.

NATIONALLY:

“The National Association of Realtors said Friday that the MA real estate sale numbers down from 2022 with existing U.S. home sales totaled 4.09 million last year, an 18.7% decline from 2022. That is the weakest year for home sales since 1995 and the biggest annual decline since 2007, the start of the housing slump of the late 2000s.”

HOMES FOR SALE IN ANDOVER AND NORTH ANDOVER MA