Hot off the presses – the complete 2025 1st Quarter Market Watch PDF report, with graphs and town by town historical data can be found here. In the meantime, here are some highlights:
Residential Sales Up 9% with dollar volume up 16%
The 217 residential sales in the first quarter of this year reflected an increase of 16% in dollar volume to almost $103 million dollars and rose 9% in the number of home sales when comparing the sales rate to last year. The residential sales pace in the first quarter of 2025 rose in all parts of the Berkshires, with increases in the number of sales, the dollar volume of those transactions and the average selling price of single-family homes.
In the first quarter of 2025, the number of all real estate sales retracted 2% to 320 units sold, but rose 7% in the dollar volume transacted. These transactions accounted for nearly $138 million dollars of residential, condo, multifamily, mobile home, land and commercial deed transfers. This is a high since the peak in 2022.
Notably, the sales of single-family residential homes, condos and commercial properties improved in the first quarter of 2025 when compared to last year, but multifamily, mobile home, and land sales fell. Residential sales improved in all regions of the county. The number of real estate sales during the 1st quarter is below pre-pandemic rates comparatively, but dollar volume is tracking higher. A lack of available inventory remains an issue in the residential home market.
