The increase follows two months of declines, the National Association of REALTORS® said. 

Five Massachusetts communities have made the list of America’s most expensive ZIP codes for 2024, with one ranking as the priciest in New England.

Sales of single-family homes and condominiums in Massachusetts, as well as median sale prices, reached new highs last month, according to the Warren Group’s October 2024 Sales Report.

Multifamily construction, meanwhile, rose on a monthly basis. 

The sale of single-family homes and condominiums saw year-over-year gains in October, driven by a rise in buyer activity across the state.

Buyers had been sitting on the sidelines awaiting the election’s outcome, as well as drops in mortgage rates, but they are back and looking to buy.

Home prices have continued to set new records month over month as demand continues to outpace inventory.

Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.

Experts were asked to rate markets in categories such as investment potential and development opportunities.

Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.      

A growing number of renovating homeowners now classify their primary bathroom as a “wet room,” according to the 2024 Houzz Bathroom Trends Study.

Nationally, interest rates fell as builder confidence rose last month.

September pending home sales rose 7.4% to their highest level since March, according to the National Association of REALTORS®.

Sustainability and housing affordability are on the top 10 list.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs. 

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.