The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory. 

Home sales saw a 2% yearly boost and new listings increased 4.8% year over year to 1,068. Homes stayed on the market for a median of 22 days, a 15.8% annual increase.

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Inventory saw a boost during July for both condos (16.9%) and single-family homes (7.2%).

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

It’s not surprising that two Massachusetts cities have some of the most valuable garages in the nation, according to a new study from Garage.com.

Several initiatives under the Act have contributed to the housing supply.

In Boston, typical luxury homes, defined as the top 5% most valuable homes in each region, fetched $3,033,002.

NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.

As the spring homebuying season ended, U.S. home price growth softened significantly, opening the door to improved affordability.

Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers. 

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

A new study valued the Cape Cod real estate owned by the 65+ demographic at $34 billion.

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.

Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

A new report from U-Haul reveals the most common states of origin for do-it-yourself movers who relocated to Boston.