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Berkshire Market Watch Report

2023 Berkshire County Year End Real Estate Market WatchHere is a link to the full 2024 Quarter 1 Market Watch report for the Berkshires.

Overall Quarter 1 2024 real estate sales dollar volume up 6%, number of sales up 2%

In the first quarter of 2024, the volume of real estate sales rose to over $137 million dollars including residential, condo, multifamily, land and commercial sales.  The number of transactions rose by 2%, or an increase of 6 sales when compared to last year.  Notably, the sales of single-family residential homes, condos and multifamily units improved in the first quarter of 2024 when compared to last year, but land and commercial sales fell.  Overall 1st quarter sales are more consistent with pre-pandemic rates.  A lack of available inventory remains a significant issue in the residential home market, especially in workforce housing price ranges.  This is reflected in a slightly improved but still considerably lower historic inventory level. (pg 6)

Quarter 1 – All Sales 2019 2020 2021 2022 2023 2024
# Sales 294 341 460 449 310 316
% chg # -2% 16% 35% -2% -31% 2%
$ Sales $68,393,211 $99,453,140 $156,996,430 $165,506,987 $118,259,331 $126,901,856
% Chg $ -15% 45% 58% 5% -29% 7%

Overall Real Estate Sales by Region

  • 2023 was a tough year for home buyers finding a property within their range and being able to afford and qualify for a mortgage while rates moved up and leveled during the year.
  • 2024 starts with a slight but comfortable overall rebound. 
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