Today’s Top News: Announcing the 2026 Boston Agents’ Choice Awards finalists

Current Market Data

Half of all buyers are first-timers in 2023

First-timers made up 45% of buyers in 2022 and 37% in 2021.
Home, condo prices reach new highs for July

Home and condo prices in the Boston real estate market continued to break records again last month, according to a new Warren Group report. 
NAR: Existing-home sales decline as median price remains above $400,000

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 
After months of improvement, Massachusetts home sales tumbled in July

For the first time since February, closed sales fell month over month in July, despite hopes for a strong summer season.
Housing starts rebound in July after June slump

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 
Massachusetts median home sale price tops $900,000

Home values remain strong in the Bay State as home sale prices break records in July.
Boston home values rise as competition remains strong

Home values also rose nationally from June to July, according to a new Zillow report.

Monthly mortgage payments up nearly 20% from 2022

Meanwhile, July’s home sale prices had their highest increase since November.
Greater Boston tops country for largest increase in housing supply

Greater Boston had the largest increase in housing supply in June, according to a new RE/MAX report.
Cape Cod home, condo prices rise in June

Median sale prices on Cape Cod rose in June, while inventory was mostly flat, according to a new report from the Cape Cod & Islands Association of Realtors (CCIAOR).
Modern newlyweds wish they’d registered for a down payment

Of survey respondents who made a wedding registry in the past two years, 85% said they would have preferred to receive money they could have used towards a down payment, mortgage payment or other associated homebuying costs.
NAR: Pending-home sales rise for the first time in four months

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 
Boston home, condo sale prices reach new highs

Meanwhile, single-family home sales are down more than 20% from last year.
Competition heats up in the Greater Boston housing market

Lagging inventory has competition heating up in the Greater Boston housing market as supply continues to be unable to keep up with increased buyer demand
NAR: Existing-home sales slow as prices near all-time high

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 
Only 1% of U.S. houses changed hands this year

Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.