Trends
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The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
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.
Buyers were willing to pay $1,597 more for a home with an olive-green kitchen, and navy-blue bedrooms boosted a home’s value by $1,815.
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.
T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record.
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.
New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.
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.