Worcester MultiFamily Market Update
Worcester Listing Inventory has been incredibly low, even considering annual market cycles, but has finally bounced back in March to compare with this time last year. Sales have remained steady with most inventory not sitting very long. You can see this as Market Supply matches a similar trend to Listing Inventory, indicating that the buyer’s remain constant despite the lack of inventory and fluctuation of pricing. Sold Price vs List Price indicates that as more inventory creeps into the market that on average the difference between what a property is listed at and what it sells at is shrinking. As more inventory hits the market, depending on condition this will likely follow trends of the previous year.
