"Massachusetts Home Sales Plummet in Staggering Decline"

Massachusetts experienced a significant drop in home sales in 2023, with single-family home sales decreasing by 22.4% compared to the previous year, attributed to limited inventory and record-high prices. The median price of a single-family home rose to $570,000 in 2023, making it increasingly difficult for many to enter the housing market. Gov. Maura Healey has introduced a $4 billion bill aimed at creating more affordable housing, with a public hearing scheduled for the proposal.