Overview

• Massachusetts housing prices rose 8% in 2022 while mortgage rates increased, decreasing affordability.
• Lack of housing inventory kept prices high despite millennials struggling to purchase homes.
• Builders faced inflation and supply chain issues limiting new home construction.
• South of Boston, Brockton was most affordable while Scituate was priciest.
• In Boston and Cambridge, Hyde Park was most affordable and the Port/Area Four was priciest.