Boston scored well in several categories. It was No. 3 for public transportation, No. 5 for electric vehicles and No. 9 for emissions.

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

Boston real estate is feeling the effects as more potential home buyers are adjusting their budgets.

The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of REALTORS®.

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

Despite the drop in demand, homes are selling faster than ever.

A new report ranks Massachusetts as one of the worst states in the country when it comes to property taxes.

The data illustrates the struggle for first-time homebuyers trying to get a foot in the housing door in the country’s largest markets.

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications. 

Homes are selling at record-breaking speed.

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

Rents in Beantown rose again last month at a rate higher than national rent increases.

Despite declining sales and inventory issues, Cape Cod homes continued to sell above asking price during the first quarter.

Meanwhile, housing starts are up and homes are staying on the market for fewer days than this time last year.

Boston’s real estate market was the second most competitive market in the U.S.