Worcester 2019 Mid-Year Report

Want to know how the Worcester, Massachusetts real estate market is doing? In this Mid-Year Report, we’re looking at home sales for the first half of 2018 versus the first half of 2019 and how the market is currently performing in that area.

As of June 30^th, Worcester saw a 2.6% decrease in sales. (These numbers include single-family homes, condominiums, and multi-family sales combined). The first half of 2019 saw 969 home sales compared to 2018 when 995 total homes were sold.

Prices increased by 12%, now up to $238,734 in 2019 compared to $213,152 in the first half of 2018.

Homes Listed in Worcester:

From January 1^st to June 30^th, there were 1,154 homes listed on the market, down 15.2% compared to 1,361 within the same date range in 2018.

Homes Pending in Worcester:

From January 1^st to June 30^th, there were 1,136 homes that went pending (contract accepted) down 7.1% compared to 1,223 within the same date range in 2018.

The Worcester market has seen its inventory plummet this year, so it’s no surprise that we are seeing a decrease in sales.  It is performing similar to the Massachusetts 2019 Mid-Year Report as sales are down and prices are up.

Data provided by Warren Group & MLS PIN and compared to the prior year.