2022 Year End Market Watch | January – December Sales Comparison

Here is the full 2022 Market Watch Report PDF with graphs, infographics, historical data and town by town comparisons. Please note that the registry areas are used and described and the town data is alphabetical.  Any input or feedback is welcome, simply email Sandy!

Berkshire 2022 real estate sales data show a slowing sales pace into 2023 from the peak of pandemic buying.  While we did not maintain the rapid market of 2020 and 2021, the number of properties sold and the dollar volume transacted still greatly outpace all previous years.  The total number of all real estate transactions topped 2,388 in 2021, and this year sales dipped by 17% to 1,977.  With a total market volume now exceeding $773 million dollars transacted in 2022, real estate sales were robust, despite a one-year comparison that is down from a record breaking high of $891 million dollars sold.  Many factors are impacting the market, including low inventory, higher mortgage rates, inflation, talks of nationwide recession and overall, more cautious buyers than the previous year.

All Berkshire County MA Sales Summary: Number of sales and volume

2019 2020 2021 2022
Residential 1437 $408,298,972 1745 $655,049,514 1571 $683,003,280 1342 $618,757,251
Condominium 176 $48,900,900 180 $68,388,496 203 $75,276,792 157 $58,876,254
Multi-Family 178 $25,653,783 165 $25,848,775 240 $45,468,940 223 $46,969,925
Land 98 $13,139,150 191 $23,129,350 308 $44,692,417 201 $21,071,810
Commercial 45 $15,451,900 56 $21,936,900 66 $42,954,849 54 $27,584,800