View the Full PDF 2025 3rd Quarter Market Watch Report! A summary: Overall, the residential market rose by 10% in the number of sales, with double digit gains in North and South markets, and a 7% increase in middle Berkshire. The dollar volume rose overall by 14% with a 39% increase in north Berkshire, 10% increase in middle Berkshire and 7% increase in southern Berkshire.

What you need to know At-A-Glance:  

In the first three quarters of 2025, the dollar volume of real estate sales was $549 million dollars including residential, condo, multifamily, land and commercial sales.  This is a 10% increase from the same period last year. The number of transactions rose by 3%, or 30 sales when compared to last year.

• Are all sales up or down? UP 3% with 1,218 sales YTD 2025 compared to 1,188 in 2024.
• Are residential sales up or down? UP, the # number of residential homes sold is up by 10%, with 861 sales compared to 782 in the first three quarters of 2024. The number of south county homes sold rose 10%, middle Berkshire residential sales rose 7% and north Berkshire rose 16%.
• Are any markets that are struggling? Land sales and reported commercial sales are down compared to the same period last year. This is the lowest point for land sales and dollar volume in since 2019.
• Is dollar volume up or down? UP by 10% to $549 million compared to $500 million last year.  The $ dollar volume sold rose in all regions.  Residential dollar volume jumped 14% from $371 million to $423 million in 2025 by the end of September.
• Are pending transactions up or down? DOWN in September 2025 with 113 compared to 123 at the same time last year.  The hottest residential market is in the $300,000-$500,000 price range for pending sales.
• Is inventory up or down? UP Absorption rate rose to 5 months compared to 4.56 months. With an overall absorption rate under 7 months, it’s still very, very low.
• Are prices up or down? UP. Average sale price of residential homes rose to $491,482. Average sales prices are up 4%, and the average single family residential home from $474,486
• Are residential ‘days on market’ up or down? UP in September, but DOWN overall. DOMs on average decreased from 103 days last year to 95 this year so far. Slowing in September.

Residential Report

Overall, the number of home sales by the third quarter of 2025 rose 10% over the previous year, with 861 single-family sales, up from 782 countywide.  North County sales rose by 16% and 32 homes sold, and had a large rise in dollar volume transacted, up 39%.  In the middle registry area, sales improved, with a 7% increase in the number of homes sold and a dollar volume bumped of 10%, for $212 million in sales.   In southern Berkshire, sales rose as well, up 10% with 149 sales in the first three quarters, and a 7% increase in the dollar volume.  Notably, average sales prices rose 20% in northern, only a modest 2% in middle Berkshire, yet fell 3% in south.

• North Market:  Adams, Cheshire, Lanesboro, North Adams, Savoy and Williamstown showed strong growth over the previous year
• Middle Market: In the middle registry area, Becket, Dalton, Pittsfield, and Washington gained both sales and dollar volume and Lenox, Peru, and Richmond had mixed results. Overall, the market rose 7% sales and 10% in dollar volume transacted.
• Southern Market: In the south county market, Alford, Egremont, Great Barrington, Sandisfield, and West Stockbridge saw increasing sales and dollar volume from the previous year.  Despite those gains, Monterey, and Sheffield retracted over the previous year considerably.

Condo Report

Condominium sales rose 16% with gains in all parts of the county.  Northern sales rose 11% with 40 units transacted, compared to 36 past year at the same time.  In middle county, unit sales rose 8% or 5 units and in southern Berkshire a large statistical jump from 4 units sold last year to 11 units this year.  As the single-family residential inventory got tighter, condo sales pick up.  The attraction of condominium living is also at an all-time high in the Berkshires, which also helps fuel this growth. Lack of inventory remains the challenge.

Multifamily Report

Multifamily sales between 1-4 units retracted in the north and central area, yet boomed in southern Berkshire.  North county is known for a strong multi-family market, but as the residential market grew, the multifamily market slowed this year to date.  In central / middle Berkshire, the number of sales fell slightly, down 4%, while the dollar volume increased by 4%.  Despite the upswing in the multifamily market of between 1-5 units in the southern region, it’s notable that the availability of multifamily properties is very small and represents a minimal part of their housing market.

Land Report

We were hopeful that land sales would rebound with warmer weather, but they have stalled in Northern Berkshire and fell drastically in the central Berkshires. This is the lowest point for land sales and dollar volume in 6 years, since 2019.  While it’s interesting to note average land sale prices per parcel, parcel size and attributes vary widely so not a good gauge for comparison.  It remains incredibly hard to build needed housing with current costs and codes. As an area with a lot of open space and expansion opportunity while maintaining our wonderful rural footprint, we struggle for housing stock to meet the needs of our population. There must be legislative action to incentivize smart growth and development while maintaining the Berkshires character.

Commercial Report

The first 3 quarters of 2025 reflect falling sales, and dollar volume, when comparing to last year. Against national trends, this reduction may only be a part of the market where commercial sales are an optional property type listed in the Berkshire MLS, where this data is derived.  Nationally, Moody’s Analytics economists have stated that the office sector held steady in Q3 2025, a significant development following a previous record-high vacancy rate. However, this stabilization follows a long period of decline and uncertainty that began with the pandemic.

Full Year PDF Editions: 2025 1st Quarter Market Watch Report  |  2025 2nd Quarter Market Watch Report | 2025 3rd Quarter Market Watch Report

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