The Boston Globe
The Boston Globe
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The Berkshires' real estate market has experienced rising home prices and limited inventory, with the median single-family home selling for $372,500 in April, up nearly 12 percent from the previous year. Despite this growth, the market has cooled from its pandemic peak, with fewer multiple offers outside exceptional properties, and homes now stay on the market longer. Buyers are seeking more affordable options in towns like North Adams, Adams, and Pittsfield, where prices have increased significantly since 2019, while higher-end markets like Great Barrington and Lenox remain expensive. The market remains active due to low supply and high discretionary demand, but buyers are cautioned about potential issues in older homes and the impact of pandemic-driven buying habits.
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