In July, 1,310 Boston homes for sale were affordable to median-income households. That marks an 11.4% yearly increase, but a 36.3% decrease from July 2020.

Signed contracts declined despite lower interest rates and improved affordability and inventory, the National Association of REALTORS® said.   

The pace of home-price appreciation declined to its slowest pace in two years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index. 

A July inventory boost, coupled with cooling prices and choosier buyers, may signal stability for the Cape Cod real estate market, according to preliminary data released by the Cape Cod and Islands Association of REALTORS® (CCIAOR).

The upside surprise came despite monthly and yearly declines in the pace of sales. 

Lynn took second place, behind Manchester, New Hampshire. Homes in the Boston suburb typically entered pending just ten days after listing, according to Zillow.

Nationally, home sales rose 0.6% year over year but slid 0.7% month over month, RE/MAX said. 

The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory. 

Home sales saw a 2% yearly boost and new listings increased 4.8% year over year to 1,068. Homes stayed on the market for a median of 22 days, a 15.8% annual increase.

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Inventory saw a boost during July for both condos (16.9%) and single-family homes (7.2%).

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

It’s not surprising that two Massachusetts cities have some of the most valuable garages in the nation, according to a new study from Garage.com.

Several initiatives under the Act have contributed to the housing supply.

In Boston, typical luxury homes, defined as the top 5% most valuable homes in each region, fetched $3,033,002.

NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.