Massachusetts saw a boost in inventory and new listings in May, signaling a balancing market, according to new data from The Massachusetts Association of REALTORS.

MAR found that inventory increased 6.2% for single-family homes and 13.1% for condos on a yearly basis.

New listings rose as well, by 2.3% and 2.9% for single-family homes and condos respectively. Notably, May marks the third month straight with a year-over-year increase in listings.

Prices remain sky-high in the commonwealth. The median sales price for single-family homes increased by 6.1% to $700,000. For condos, the median sales price hit $585,000, an increase of 2.6%.

The number of closed sales dipped slightly compared to the same month last year, decreasing by 0.2% for single-family homes and 2.4% for condos.

“Inventory continues to be a challenge, but we’re beginning to witness a shift toward a healthier supply. With the continued increase in new listings, it’s a positive sign for buyers struggling to find their stride in the market,” said Sarah Gustafson, 2025 president of MAR. “We encourage buyers to remain persistent in their search and sellers to continue to enter the market.”