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October 24, 2019

Home sales in major MetroWest communities decline 1.3%

Photo | Courtesy A mock-up of what homes will look like at Millwood Preserve in Framingham.

The steady price gains now a trademark of the Massachusetts housing market continued for MetroWest in September, but sales continued to contract for the region despite the state as a whole experiencing a boost.

According to data from Boston real estate data firm The Warren Group, the median price for a single-family home in major MetroWest communities rose by 3.6%, which was slightly behind the state trend, which saw the median price of a home in Massachusetts increase by 5%.

However, for the first time since May, the state as a whole also had a 1.4% year-over-year increase over the previous September in the number of single-family homes sold. The major MetroWest communities, however, saw single-family home sales decline by 1.3%.

As defined by WBJ, the major MetroWest communities for these statistics are Framingham, Holliston, Hopkinton, Marlborough, Natick, Southborough and Westborough.

The decline in MetroWest sales would have been much larger if not for strong September sales in Framingham and Marlborough.

Framingham saw sales of single-family homes jump up to 60, a 36.4% increase over the previous September, with the median sale price increasing by 4.6% to $469,500. Framingham has recorded 490 sales for the year, a 3.6% increase over sales numbers at this point in the year compared to last September. Sale prices for the year in Framingham are up 3% to $458,250.

Marlborough posted the second best MetroWest sales numbers in September, with 23 single-family homes sold in September with a $450,000 median sale price for 27.8% and 17.5% increases in the respective areas over the prior September. Marlborough’s year-to-date sales numbers are 3.9% down, however, with 223 single-family homes sold to date for a median price of $389,700, or 1.8% over the sale price at this point last September.

Of the major MetroWest communities, Natick saw the biggest sale decline. September single-family home sales were down 24.3% when compared to last September. However, the sale price leapt 10.2% to a median of $732,500 in September. The year-to-date trends are similar for Natick, which is down 3.1% in sales with 280 single-family homes sold but up 4.6% on price with a median transaction of $639,950.

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