With the lowest level of inventory in nearly 40 years, the 2021 spring market has homebuyers facing a level of competition not seen in a generation.

High demand and low inventory levels continue to drive up prices heading into the spring and summer markets.

As they come of peak age for first-time homeownership, millennials are gaining an increasing share of today’s housing market.

The median sales price of homes in the 53 metro areas covered by RE/MAX’s National Housing Report rose 4.5% month over month in March to $303,000, marking the first time in the 13-year history of the report that it topped $300,000.

Recent data found real estate markets north and west of Boston were among the hottest last month.

Privately owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.

Boston homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.

The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.

Boston’s Suffolk County was among the 14% of counties where wage growth outpaced home-price appreciation.

Prices in the Boston metro area were up 7.0% over February 2020 with “normal” market condition indicators.

Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.

“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun

While pandemic headlines had many leaving cities and moving to the suburbs or looking for additional space in their current home, interest in tiny homes was little remarked upon.

A record number of homes sold above the asking price last month as home sale prices hit an all-time high.

Cape Cod home sales continued to rise in February as interest in homes in vacation areas remained strong.