New data from the Massachusetts Association of REALTORS® shows the state’s housing market saw an increase in closed sales in September. Heading into the fall season, balanced pricing remains a smart strategy for sellers, according to the association.

Closed sales increased 4.8% for single-family homes and 6.4% for condos, while the median sales price for a single-family home grew 4.7% year over year to $654,500 and 1% for condos to $525,000.

Inventory for single-family homes saw a yearly decrease of 4.2% while condo inventory grew by 5.1% compared to Sept. 2024. New single-family listings rose 7.5% year over year and new condo listings jumped 13.3%.

“Although Massachusetts continues to face an ongoing housing shortage, the increase in new listings year-over-year is a sign that the market continues to move in a healthier direction from last fall,” MAR 2025 President Sarah Gustafson said in a press release. “The uptick in closed sales is another positive sign for both buyers and sellers that the market remains active and that when a home is priced right, there will be strong buyer interest. We encourage sellers to continue to put their homes on the market and stay patient as we head towards the holidays and encourage buyers to stay diligent in their search in the competitive market.”