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.
- Link to more text summary and/or the full 2022 Market Watch Report PDF
All Berkshire County MA Sales Summary: Number of sales and volume