Greater Boston ranked among the top states in the U.S. for homes closing above list price in May, according to the RE/MAX National Housing Report. 

A significant number of homes in the Greater Boston area sold for more than their list price last month. Boston had a close-to-list price ratio of 102.4%, indicating that, on average, homes in Boston sold for 2.4% above their list price. That’s up from 101.9% in May 2023. 

It comes as no surprise then that more sellers are seeing the advantage of listing their homes now.

“They’re getting their asking price and enjoying the benefits of a relatively quick sale,” said Amy Lessinger, president of RE/MAX, LLC. “Growing inventory offers more options for homebuyers, too, and we’re seeing more sales activity as a result. Mortgage rates continue to impact the rhythm of the housing market. If inventory keeps bulking up, and mortgage rates don’t change, prices may eventually start to soften.”

Cities with the highest close-to-list price ratios included San Francisco, at 106%, Hartford, Connecticut, at 105% and Trenton, New Jersey, at 104%. Manchester, New Hampshire, came in fourth at 103.1%, and Boston rounded out the top five.