Home listings jumped 21.4% year over year in March according to a new report from the Massachusetts Association of REALTORS®.

Last month, home sales in greater Boston decreased 5.8% to 1,145. The median price of a single-family home increased 2.2% year over year.

A majority of millennial home buyers would choose a smaller home if it offered better amenities, according to a new report from National Association of Home Builders.

Homes in the Bay State often sell in under eight days, and bidding wars have become common.

The population of Massachusetts grew by over 69,000 people in 2024, a 1% increase from 2023.

“Each interaction indicates buyer interest in that home, and listings with higher engagement levels tend to sell faster and at or above the list price,” Zillow Senior Economist Kara Ng explained.

“In a plot twist, baby boomers have overtaken millennials — the largest U.S. population — to become the top generation of homebuyers,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research.

Condos make up a majority of the top 10 most expensive homes for sale in Boston as of April 1.

The annual report surveyed agents in the Better Homes and Gardens Real Estate network to find out how they’re helping clients get their homes ready to list. 

Meanwhile, purchase applications showed their strongest increase in almost two months, rising 7% year over year.

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

Young homeowners are the most likely to regret their home purchases: 94% of Gen Z and 86% of Millennial sellers acknowledged buying mistakes, compared to 48% of baby boomers.

Traditional charm, modern simplicity and an intentional combination of the two are on-trend for 2025 based on the big winners of the just-released 2024 Best in American Living Awards.

Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges.