December single-family home and condominium listings rose year over year in December, an indicator that buyer activity remained active over the holiday season.
According to the Massachusetts Association of Realtors (MAR) December market report, new single-family home listings rose 11.9% from 2023, while new condo listings increased 21.2%.
But while they grew year over year, December new listings fell from November, down 39% for single-family homes and by 29.7% for condominiums.
Meanwhile, the median sale price for single-family homes decreased by 0.6% from November to $626,000, while condominiums rose 2% to $539,000.
Closed sales increased month-over-month in December, with single-family home sales rising 0.6%, while condo sales saw a slight decline of 0.5%.
Closed sales also rose year over year, up 17.3% for single-family homes and 14.7% for condos, which MAR said was “an optimistic indication to sellers that buyer activity is still active this time of year, despite it being the holiday season.”
“We are very encouraged by the year-over-year increase in new listings, as inventory has remained a challenge and one we will continue to navigate moving into 2025,” said Sarah Gustafson, MAR’s 2025 president and operating principal and broker for Keller Williams Pinnacle Central and MetroWest.
“However, the increase in closed sales for both single-family homes and condominiums year-over-year are promising signals of strong buyer interest this time of year. We’re hopeful that as more sellers continue to join the market, and new inventory becomes available, buyers will be well-positioned to pursue home ownership in the new year.”