The number of new listings in Massachusetts rose last month, according to new data from The Massachusetts Association of REALTORS®. In a press release, MAR cautioned buyers to stay, “prepared and ready.”

Single-family homes in the Bay State saw a yearly median sales price increase of 4.6% to $680,000 during the month of August. New listings for single-family homes increased by 1.3% on a yearly basis. However, inventory decreased by 3.3%, meaning the total number of homes on the market decreased.

Condo data revealed different trends. Last month, condo prices decreased 3.1% on a yearly basis to $540,000. While new listings saw a 2.9% yearly boost, inventory grew by a slight 0.9%.

Closed sales decreased for both condos (-0.5%) and single-family homes (-4.6%) in August, although the single-family market saw a sharper drop.

“The year-over-year increase in new listings is a strong signal for buyers as we head into fall,”said Sarah Gustafson, 2025 president of MAR and operating principal and broker representing Keller Williams Pinnacle Central and MetroWest. “While we are still experiencing multiple offer situations and properties staying active longer, buyers are advised to be prepared and ready when making an offer as sellers who price their homes competitively are experiencing strong buyer interest.”