Sales of single-family homes and condos across Greater Boston rose for the second straight month in November as lower mortgage rates and an increase in new listings brought more buyers to the market.

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 

Massachusetts home and condominium sale prices reached all-time highs for the month of November, according to the Warren Group’s November 2024 Sales Report.

A year-over-year boost in closed sales last month signals a strong outlook for buyers and sellers, according to the Massachusetts Association of Realtors (MAR) November market report.  

Boston is the fourth-priciest rental market in the country, according to Zumper’s November National Rent Report.

Greater Boston home and condo sales and prices rebounded in October as lower mortgage rates and a surge of new listings lured buyers back into the market.

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.

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.

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

Meanwhile, an increase in inventory brought some softening to median selling prices last month.

New listings for single-family homes and condominiums increased for the first time in three months in September.

Meanwhile, single-family home and condo sales were down from last year. 

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

Lower mortgage rates, more available listings and a dip in home prices from June’s record highs drew buyers back into the market last month.

July’s Massachusetts housing market experienced a slight increase in closed sales, while median sales prices fell for the first time since early in the year, hinting at a market shift.

The combination of rising inventory and price reductions in Boston and nationwide is creating a more buyer-friendly market.