We are all feeling the change in the market—a market that seems to be moving back to a more balanced one for buyers and sellers.

by anastasiakaufman-chime-me

Single-family properties had a very solid Q2. Prices rose yet again, with median sales price rising 4.61% and average sales price rising 4.86% compared to last year. Average sales price for a single-family in Massachusetts was $892,947—another record reached. Units sold also increased by 2.21% compared to the same period of 2024, which is a very positive sign.

We also have seen inventory on the rise consistently in Q2. On graph 3, you can see the average daily inventory reached 5,624. This is the highest point we have seen in any quarter, going back to the beginning of 2021. Each week of Q2 2025 saw an increase over the same period of 2024. This is good news for the overall market as we have been in an inventory deficit for a long time, and this is a sign of moving towards a more balanced market in Massachusetts. I am sure you all have read articles about other parts of the country experiencing large inventory spikes and less buyer demand. While I believe we will have pockets where that could be felt in Massachusetts this year, we are still in a growing market.

There are a lot of indicators that suggest being cautious with pricing, though. Average days on market is on the rise and median sale-to-list price ratio has declined to 101.54% compared to 102.52% in 2024. This means that properties are still on average receiving over-asking prices. However, we need to watch as this indicates there is less demand per listing than there was last year.

As always, real estate is local and your local market, depending on price and competition, could see different results. The key indicators to focus on in 2025 are days on market and sale-to-list price ratio.

Written by President and CEO of MLSPIN, Erminio Grasso