Greater Boston had the largest increase in housing supply in June, according to a new RE/MAX report.

RE/MAX’s National Housing Report ranked Greater Boston No. 1 in the country for having the largest increase in months’ supply of housing in June. That supply was up 96.7% year over year, increasing from 1.1 months to 2.2.

Melvin Vieira Jr., Realtor and real estate consultant with RE/MAX Destiny and past president of the Greater Boston Association of Realtors, says that increase is due to Greater Boston having one of the highest median prices for single-family homes in the area.

“As a result, the average buyer income is not matching the average median home-sale price. Interest rates have more than doubled in the last two years, which is also resulting in some buyer hesitation,” Vieira said. “Buyers think they need to marry the interest rate when really they need to marry the house and date the rate. We’re now into the summer months when we traditionally slow down due to vacations. The silver lining is if the home is priced right and meets all the criteria for the buyer in that particular area, you will still see offers over asking price and bidding wars.”

While year over year, inventory had huge growth in June, area home sales were down 21.6% from 2022. Month over month, they were up 29.1%.

The current median home sale price in Greater Boston is $685,000, up 3.8% month over month and 3.7% year over year.