Worcester MA Multifamily Market Trends - April Data

[Ian Hogan]

Worcester Listing Inventory has maintained at the same levels as the previous month of March, which in these low inventory times is sometimes all we can ask for. Sales stay on track similar to the previous year with a spike this past month. Similarly Market Supply has remained at a more healthy value, but is not indicating any issue or distress of the market. Sold Price vs List Price indicates the Worcester market has hit an equilibrium on price. It may look like April data is not there but it is nearly at 0%.