Industry News

Condo, single-family housing prices heat up west of Boston

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The high-priced Boston housing market has pushed many buyers to Western Massachusetts counties, causing those areas to record climbing prices on condos and single-family homes, according to figures released today. Three Western Massachusetts counties experienced the largest median sales gains for condominiums and single-family homes during the past year, according to The Warren Group, a real estate and financial data provider. The report detailed median single-family home and condo prices gains for each county in Massachusetts for the first 11 months of 2005 and compared to the same period in 2004. Franklin, Hampden and Hampshire counties placed first, second and third on the list of highest percentage increases of median condo sales. Franklin saw its median condo price rise 28.9 percent to $179,000 in 2005; Hampden median prices jumped nearly 19 percent to $124,900; and Hampshire's median price increased 18.2 percent to $175,000. Hampden County ranked third, Hampshire County ranked ...