A shortage of existing inventory continues to drive buyers to new construction. 

Home prices eased across Greater Boston last month as the spring market got off to a cooler start than usual, according to the Greater Boston Association of REALTORS® April housing market report. 

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.

Massachusetts single-family home and condo prices fell for the first time since 2018, according to a new Warren Group report.

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Despite a dip in median sale prices, housing inventory continues to be an issue across Massachusetts, and there are no signs of the market softening anytime soon.

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Lawrence has a median price per square foot of $254, a 60% difference compared to Boston.

Boston’s April average home value and pending sales rose from March as new inventory fell

Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

The need for more space is common among all self-storage users: 40% of survey respondents listed this as their primary reason for renting storage space.

High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported. 

Median home sale prices continue to rise in the Bay State, and the lack of housing inventory remains a primary concern, according to the Massachusetts Association of REALTORS.

For the second month in a row, prices for single-family homes and condos in Massachusetts set new records in March.

The Greater Boston housing market showed signs of improvement last month as listings saw more modest gains and mortgage rates continued to drop from their fall peak.