Home Sales Up 93.6% & Prices Up 16%
For the first half of 2021, Norwood saw a huge 93.6% increase in the number of sales over the same time last year. There were 110 at the 2020 mid-year compared to 213 as of June 30, 2021.
Prices increased in a less dramatic fashion, up 16% now at $557,346 from $480,429 in 2020.
These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic above.
Norwood listings increased by 47.4% year over year, moving from 152 to 224.
Norwood pending sales increased by 74.6%, which isn’t surprising given the increase in sales. There were 220 pending homes in the first half of 2021 compared to 152 last year.
A rise such as this in Norwood is a sign of a strong market, but it is also a reflection of the market this time last year when Covid hit. The drop in 2020 activity wouldn’t have happened without the extenuating circumstances of the pandemic and is likely why the number of sales this year seems so high. Prices increased similar to the Massachusetts market.
Buyer and seller motivation is likely going to make 2021 the biggest year yet for the number of sales statewide.
To learn more about Massachusetts performance and the predictions for the rest of the year, click here to read the 2021 Massachusetts Mid-Year Report.
Data provided by Warren Group & MLSPin and compared to the prior year.