Worcester Prices set to rise 10.6% in 2023

The attached article here spends a lot of time on the Cities which will lose value.

But Worcester is the top of cities poised to gain value.

https://www.cbsnews.com/amp/ne...

The elevated prices will be more dramatic in some cities than others, Realtor.com predicted. Metro areas that could see the sharpest increases are:

• Worcester, Massachusetts: 10.6%
• Portland, Maine: 10.3%
• Grand Rapids, Michigan: 10%
• Providence, Rhode Island: 9.8%
• Spokane, Washington: 9.6%
• Springfield, Massachusetts: 8.9%
• Boise, Idaho: 8.7%
• Chattanooga, Tennessee: 8.2%
• Indianapolis, Indiana: 7.8%
• Milwaukee, Wisconsin: 7.7%

The predictors here are saying what we are seeing on the ground.  It is more expensive elsewhere so Worcester is a Value.  And if you don't have to go to work every day Worcester is a great place to live.

As of this Writing there are only 45 Multis for Sale in Worcester.  Many of these are actually sold, and some have prices that indicate they are really not for sale.

If supply is constrained to this level prices will have to rise.