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In June, the median single-family home price in Worcester County rose by 2.6% to $513,000 while the median home price in Middlesex County climbed by 2.2% to a $905,000. These increased prices have not deterred buyers, as the counties saw a 10.8% and a 6.2% increase in transactions over-the-year from last June, respectively.
Despite the increase in sales, Massachusetts is experiencing an unhealthy house-price-to-income ratio, with the typical home in Massachusetts costing six times the average annual household income, according to The Boston Globe.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
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Worcester 300, City of Innovators
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Get the Daily Report
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
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Subscribe
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
-
Worcester 300, City of Innovators
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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In June, the median single-family home price in Worcester County rose by 2.6% to $513,000 while the median home price in Middlesex County climbed by 2.2% to a $905,000. These increased prices have not deterred buyers, as the counties saw a 10.8% and a 6.2% increase in transactions over-the-year from last June, respectively.
Despite the increase in sales, Massachusetts is experiencing an unhealthy house-price-to-income ratio, with the typical home in Massachusetts costing six times the average annual household income, according to The Boston Globe.