Buyers left behind by rising home prices

Homes in Massachusetts have become too expensive for most people and the buyers who can afford to pay sky-high prices find that they have very few options to pick from, real estate market analysts said in a report.

Homebuyers purchased 5,771 single-family homes in September, down 10.4% from September 2020 but a 14.7% increase over sales from the same month in 2019, The Warren Group reported Tuesday. Meanwhile, the median sale price increased to a September record of $509,000 last month, up 7.4% from September 2020’s median price of $474,000 and up 27.8% from September 2019’s median price of $400,000.

The number of singlefamily home sales has declined for three consecutive months