Meanwhile, days on market fell last month as did housing starts.

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

In Boston, home prices rose 6.35% year over year and 0.42% month over month in December. Beantown’s annual increase was the third highest in the U.S. after New York and Chicago.

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

January’s median single-family home price reached a new all-time high for the month, according to the Warren Group’s January market report.

Housing supply is the highest it’s been since 2020, and while there’s lots to choose from, demand is the lowest it’s been in four years.

The Massachusetts housing market had a strong start to the new year as closed sales in the Bay State rose year over year for the fourth consecutive month.

Greater Boston has 1,167 office-to-apartment conversions on tap for 2025, No. 19 among U.S. metro areas.

Meanwhile, pending home sales and builder confidence were up nationally in January.

On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C. 

Boston is one of the most expensive cities for single-family rents in the nation, according to a new report.

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

For the first time in two years, home prices are on the rise in every major metro and Boston is one of them, according to a new Redfin report. 

The median price of a single-family home in Massachusetts reached an all-time high last year, according to the Warren Group’s December market report.

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

Buyer activity remained active over the holiday season.