Massachusetts single-family home sales declined significantly in October

Massachusetts

SPRINGFIELD, Mass. (WWLP) – The economic blow of COVID-19 sent statewide sales of single-family homes on a downward spiral.

According to a new report from The Warren Group, sales of single-family homes and condos were down significantly last month. Due to low inventory levels and record-high prices as a result of the pandemic.

The average single-family sale price increased by 9.9 percent from 455,000 to 500,000. That marked a new all-time-high for the average sale price for the month of October.

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