{"id":14977,"date":"2021-01-20T11:00:41","date_gmt":"2021-01-20T16:00:41","guid":{"rendered":"https:\/\/www.northcentralmass.com\/?p=14977"},"modified":"2021-01-19T10:52:20","modified_gmt":"2021-01-19T15:52:20","slug":"mass-home-sales-hit-16-year-high-during-pandemic","status":"publish","type":"post","link":"https:\/\/www.northcentralmass.com\/es\/mass-home-sales-hit-16-year-high-during-pandemic\/","title":{"rendered":"Mass. Home Sales Hit 16-Year High During Pandemic"},"content":{"rendered":"<p>Fuente del art\u00edculo: State House News Service<br \/>\nArticle By: Colin A. Young<\/p>\n<h2>Sales Surged After Lockdown in Second Quarter<\/h2>\n<p>JAN. 19, 2021&#8230;..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.<\/p>\n<p>There were 61,469 single-family home sales in 2020 \u00e2\u20ac\u201c 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.<\/p>\n<p>&#8220;In the wake of the first COVID-19 lockdown way back in March, single-family home sales took a nosedive for the entire second quarter,&#8221; Warren Group CEO Tim Warren said. &#8220;If you told me back then that by the end of the year that the total number of sales would surpass 2019, there&#8217;s no way I would have believed you &#8230; yet here we are. Another record-setting year in the books for Massachusetts real estate.&#8221;<\/p>\n<p>Warren said an unprecedented December helped to boost the 2020 totals. December 2020 saw 6,410 single-family home sales in Massachusetts &#8212; the most ever recorded for the month and up 28.6 percent from December 2019. The median sale price for the month jumped 14.4 percent to $455,000, an all-time high for the month and the sixth consecutive month with a median sale price greater than $450,000, Warren said.<\/p>\n<p>&#8220;The hot market has continued right into December, four straight months of sales gains of 25 percent or more,&#8221; driven by low interest rates and people spending more time at home. &#8220;The more time they spend at home, the more they think about the home and some ask what they want to change,&#8221; he said on The Warren Group&#8217;s\u00a0<a href=\"https:\/\/www.thewarrengroup.com\/ma-december-2020-sales-podcast\/\">podcast<\/a>.<\/p>\n<p>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.<\/p>\n<p>But despite the new hurdles COVID-19 imposes on buying or selling a home, the virus and its accompanying shift towards remote work helped to fuel a migration away from cities and towards &#8220;vacation&#8221; areas in Massachusetts like Cape Cod and the Berkshires, Warren said.<\/p>\n<p>He said that he expects the housing market will &#8220;continue to sell well&#8221; in 2021 but saw a concerning trend emerge at the end of 2020.<\/p>\n<p>&#8220;The one thing I worry about is the rapidly-rising median price across the state,&#8221; Warren said. &#8220;For six straight years, we saw a very good market but with restrained growth in price &#8212; just two to five percent. The tail end of 2020 saw huge changes and prices rose by 14 percent or more for five straight months. For the year as a whole, prices rose 11.4 percent. I consider that to be unsustainable.&#8221;<\/p>\n<p>He added, &#8220;I hope we see the market cool and consolidate its gains before we create a bubble in prices as we did in 2005. The collapse of the market in 2006 and beyond was very painful.&#8221;<\/p>\n<p>Gov. Charlie Baker last week signed an economic development bill that included a housing production measure anchored to local zoning changes, and another initiative designed to boost housing near MBTA stations.<\/p>","protected":false},"excerpt":{"rendered":"<p>Article Source: State House News Service Article By: Colin A. Young Sales Surged After Lockdown in Second Quarter JAN. 19, 2021&#8230;..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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mass. 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