By the Numbers
The median-sales price for an existing home rose 1.3% year over year to $422,800.
Nationally, home sales slid 3.5% year over year but rose 8.6% month over month, RE/MAX said.
Homebuilder sentiment recently reached its third-lowest level since 2012.
Housing inventory boomed during the month of May even as high prices continued to break records, according to a report released by the Greater Boston Association of REALTORS.
“With the continued increase in new listings, it’s a positive sign for buyers struggling to
find their stride in the market,” said Sarah Gustafson.
The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates.
Plus, with a median build year of 1964, Massachusetts has the third-oldest median home age in the nation.
The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool.
The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022.
In Boston, home prices rose 4.72% year over year and 0.74% month over month in March.
Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said.
The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs.
The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty.
Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.
Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.
The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.