Home and condo prices in the Boston real estate market continued to break records again last month, according to a new Warren Group report. 

In July, the median sale prices of both single-family homes and condominiums reached all-time highs for the month. At the same time, the pace of sales was muted again, a pattern seen throughout the past several months as interest rates and limited inventory continue to impact the market. 

The median single-family sale price increased 4.3% to $610,000 in July, a new record for the month. Last month, 4,085 single-family homes sold in the Bay State, down 23.1% from 5,314 in July 2022.  

“Once again, median single-family home prices continued to set records across Massachusetts, despite mortgage interest rates that are nearly double what they were this time last year,” said Cassidy Norton, associate publisher and media relations director of The Warren Group. “Demand is obviously still strong among prospective buyers, but inventory can’t keep up.”

Since January, 22,657 homes have sold, down 24.6% from the first seven months of 2022. During the same period, the median single-family home price rose 2.3% to $565,000.

Condo prices and sales activity also followed similar trends last month.Sales fell 14.3% to 1,886 transactions, compared to 2,201 last July. Meanwhile, the median sale price increased by 6.5% to $555,000. 

“Sales were down, while the median price continued to set records,” Norton said. “Historically, condos have been a more affordable alternative to single-family homes, but with the median price hovering above $500,000 for the last three months, prospective buyers will be hard-pressed to find an easy route to homeownership.”

So far this year, 11,270 condos sold across the state, down 22.2% from 2022, with a median sale price that’s up 4% to $519,900.