Home Sales Drop, Prices Increase In Reading

READING, MA — Home sales in Reading were down last year and prices were up, reflecting conditions across the state, according to a study from The Warren Group.

In 2023, sales in Reading were down 44 percent. In 2022, 257 single-family homes were sold, but in 2023, only 144 homes were sold.

The median sale price of a single-family home increased by 4.1 percent from $806,000 to $839,000, according to the Warren Group. This increase reflected prices for single-family homes across the state.

At the same time, single-family home sales in Massachusetts dropped to a 12-year low in 2023. Limited inventory combined with high prices and high interest rates all combined to make a tough real estate market for buyers.

Check out the full study from The Warren Group.

See related: MA Home Sales Reached A New Low In 2023 While Prices Soared