April 28th, 2023 3:31 PM by Christopher Terry
Investors still see opportunity in the Fall River multi-family home market pushing the year over year median sales price up more than 20% over the last year.
From March 2022 to March 2023 Fall River saw the median sales price of multi-family homes appreciate by 20.45%. This is on top of the 15% appreciation seen from 2021 to 2022.
To add fuel to the fire there were just 72 multi-family homes listed so far this year, down 27% from last year.
With the months of supply remained steady at .66 months.
Although higher mortgage rates have reduced the buyer traffic, the opportunities in Fall River continue to attract both owner-occupied multi family homeowners and investors.
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