Conditions are improving for Boston buyers as prices stabilize and listings boom, according to the latest data from the Greater Boston Association of REALTORS®.

The median price for a single-family home in Greater Boston reached $880,000 in September, up 3.5% from the same month last year, but still nowhere near the $1 million milestone hit earlier in the year.

Meanwhile, 813 single-family homes sold, marking 9% year-over-year growth. The Greater Boston market also saw 1,735 new homes listed, a 13.9% increase from last year.

Homes stayed on the market for a median of 19 days, a drop from August, but identical to the median during September 2024. Active inventory surged 16.2% year-over-year, reaching 2,013 properties.

For condos, the median price grew 1.4% year-over-year to $670,000. The market saw 669 condos sold, a 3.2% increase from last year. New condo listings exploded, growing 17% year over year and 148.3% month over month.

Condos spent a median of 22 days on the market during September, marking a 10% increase from last year’s 20 days. Active condo inventory climbed 26.3% to 2,834.

“It’s been over a decade since I’ve been willing to say it’s both a great time buy and sell real
estate in Greater Boston, but fall 2025 is that time,” said GBAR President Mark Triglione. “When sellers price right, they are still getting fantastic activity and results, but the increased inventory and dropping rates make it a great time to buy.”

He continued, “One of the biggest factors that’s been suppressing inventory is how many people took advantage of the historic rate environment we experienced a few years ago,” Triglione said. “But at some point, having a 3.2% mortgage can’t outweigh life’s major changes and shifting priorities like a new job in a new area, evolving lifestyles, medical care or changes with family.”