Prices up, sales down in early spring housing market

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The signs of spring are all around: the days are getting warmer, baseball is back, and Massachusetts home prices are setting records as demand continues to…

Inventory woes continue, production bills remain in legislative committeesThe signs of spring are all around: the days are getting warmer, baseball is back, and Massachusetts home prices are setting records as demand continues to significantly outpace the inventory of houses for sale.

"Despite the increase, we actually aren’t seeing the rapid, double-digit percent increases we were experiencing at the height of the pandemic and the subsequent months. Despite this slowdown, limited inventory will probably continue to be the biggest barrier to homeownership in the coming months," she said.Sign up for NECN newsletters.

Housing in Massachusetts is inaccessible or unaffordable for many residents, and Gov. Maura Healey last year identified housing as"the number-one issue facing this state." She said as recently as last month that"we are short 200,000 housing units in this state."

 

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