For this Massachusetts Mid-Year Report, we are focusing on three property types: single-family homes, condominiums, and multi-family homes, along with the number of homes listed for sale and placed under contract.
Number of Homes Sold Increased by 3.1%
Home sales increased overall to 31,140 sales compared to 30,194 in the first half of 2024.
- Single-family sales increased by 3.0%, condos rose by 4.7% and multi-family homes decreased by 1.2%.
- Monthly home sales in 2024 and 2025 have remained relatively consistent, with 2025 slightly outperforming in most months except March. As we shift toward a more balanced market, homes may begin to sit longer, potentially leading to a less dramatic year-over-year increase in sales.
Prices Increase 5.5%
Homes Listed Increased 6.4%
There were 44,870 new listings in the first half of 2025 compared to 40,912 last year.
- 2023 saw the lowest number of homes listed in two decades, and it seems that was the bottom. Many sellers were hesitant to list their homes in an attempt to hold onto their pandemic-level rates. However, it comes to a point where making moves is not always a choice, especially when faced with certain life changes such as divorce, family growth, empty nesters, relocations, and job/income fluctuations.
- As we’re beginning to see an increase in new listings, homes are also starting to remain on the market a bit longer with fewer bidding wars. These trends indicate a shift toward a more balanced market. As more sellers enter the market, buyers are gaining more options and negotiating power.
- Generally, the number of new listings is an indicator of future pending sales, so with listings number up, we will hopefully see higher pending sales in the fall.
Pending Sales Increased 4.3%
The number of homes placed under contract increased 2.5% year over year, with 34,535 pendings for the first half of 2025 compared to 33,677 in 2024.
- More listings and inventory have given buyers more of a chance to buy, and therefore, pending sales have risen a bit. However, the increase in pending listings is nominal compared to years past, and the market is still tight.
- Generally, the number of homes pending is an indicator of future closed sales, so we could see a slight rise in sales into the fall.
Predictions for the Rest of the Year
The Massachusetts housing market is projected to see moderate growth in the second half of 2025. A rise in available inventory suggests a likely increase in pending sales and overall market activity heading into the fall.
This boost in housing supply is expected to create more favorable conditions for buyers, especially those who faced intense competition in 2024. Still, buyers should remain proactive and prepared to act quickly when the right opportunity presents itself. Affordability will continue to be a concern, as elevated home prices and the rising cost of living persist across much of the state.
For sellers, the market is shifting toward a more balanced environment. As competition eases, strategic pricing and thoughtful presentation will be key to attracting serious buyers. Price adjustments are up 35.4%, a clear indicator that many homes are initially being priced too high for current market conditions. With 9.7% more homes being listed but only a 2.5% increase in homes going under contract, the gap shows that supply is outpacing demand. Pricing correctly from the start will be crucial in this evolving market.
Overall, the Massachusetts housing market is showing signs of stabilization, with improved alignment between supply and demand. This trend should support more sustainable, steady growth through the remainder of the year.
Data provided by Warren Group Data & MLSPIN then compared to the prior year.