Home Sales Down 14.7% & Prices Up 7.4%
As of December 31, 2022, Hudson home sales decreased by 14.7%, as there were 266 sales in 2022 compared to 312 in 2021.
Average prices increased by 7.4%, going from $463,983 in 2021 to $498,535 in 2022.
These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic above.
The number of listed homes decreased by 7.2%, moving from 320 in 2021 to 297 in 2022.
The number of pending sales decreased by 11.1% in Hudson, moving from 296 in 2021 to 263 in 2022.
In 2023, the Hudson real estate market is expected to continue to adjust down. Overall, sales are predicted to be down since there are less buyers in the market with mortgage rates still up combined with less sellers listing to avoid losing their low mortgage rate. Overall, prices remain high, but they are not expected to continue to increase as sharply as they have been over the last few years. For a complete analysis of the upcoming 2023 real estate market, check out Anthony’s predictions!
To learn more about Massachusetts performance, click here to read the 2022 Massachusetts Year in Review Report.
Data provided by Warren Group & MLSPin and compared to the prior year.