Moving in? Study shows evidence of population growth in the Berkshires berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.
PITTSFIELD â Several aspects of the Berkshire economy floundered last year because of COVID-19, but the market for real estate soared.
Low interest rates, an exodus of people fleeing urban areas to rural settings because of COVID-19, and the realization that people could work just as productively remotely created a sales bonanza in the Berkshires last year.
The countyâs entire real estate market rose 21 percent, with $794 million in total-dollar transactions last year, according to figures from the Berkshire County Board of Realtors, which tracks local Realtor-assisted transactions.
The dollar volume for single-family home sales increased by 60 percent in 2020 from the previous year, to $655 million, with 2,344 total sales, the highest number since the organization began tracking those numbers 26 years ago.
Chomping at the bit to get in the door : Berkshire home prices soar as a whole new dynamic plays out berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.