Boston is tops when it comes to increasing housing inventory. A new report found Greater Boston’s housing supply is up 113.2% from last year. It’s the second year in a row Boston was the top market for year-over-year housing inventory percentage increases. 

According to the latest RE/MAX National Housing Report, in September, Boston had 3.1 months of housing supply, up from 1.5 months in 2022, for a year-over-year increase of 113.2%. That 3.1 months is nearly double Wichita, Kansas, which ranked second with a 65% year-over-year increase. Dover, Delaware, came in third with a 48.6% increase, followed by New Orleans at 44% and Burlington, Vermont, at 39.1%. 

Some seasonal impacts were seen in September’s numbers. 

September home sale prices were up 7.5% from last year but down 3% from August, with a current median home sale price of $649,950. Although prices are up, sales are still down, falling 18% from August and 24% from last year. 

“We’re seeing some seasonal trends in play,” said Nick Bailey, president and CEO of RE/MAX LLC. “The dip in sales followed typical seasonality, and the increase in inventory on the market was much needed to balance previous low inventory. And that’s good news for buyers who choose to enter the market this fall.”