As we move further into 2025, we’re seeing some intriguing shifts in the local real estate market. Understanding how the market evolves can help you make informed decisions, whether you're considering buying, selling, or simply monitoring trends. Let’s take a look at some key year-over-year insights.

Boston Condos Market

• The number of condos that went under agreement increased slightly by 2.2% compared to last year.

• Closed sales are up 5.4%, with 311 units sold so far this year.

• Days on market have increased slightly, with the average now at 81 days, up from 76 last year.

• Inventory levels are up by 26%, providing buyers with more options and increasing competition among sellers.

Massachusetts Single-Family Homes Market

• Average sale prices have increased by 7%, now averaging around $781K.

• Despite rising prices, the number of homes going under contract is down 4.6%, suggesting some softening in buyer activity.

• Closed sales have remained stable, up 0.74%, with 3,559 homes sold year to date.

• Inventory levels have increased by 19.8%, which could mean a gradual shift toward a more balanced market.

• Homes are still selling at a strong pace, with the average sale price remaining at nearly 100% of the list price.

Overall, these trends highlight a dynamic market with opportunities for both buyers and sellers. If you’re considering making a move or just want to chat about the market, feel free to reach out. We’re always here to help!

Nick Warren  

CEO, Berkshire Hathaway HomeServices Warren Residential