Many Massachusetts sellers listed homes and prepared to close in May, according to the Massachusetts Association of REALTORS®. Closed sales decreased by 6.7% and 2.4% for single-family homes and condos, respectively. Pending home sales increased by 36.6% year over year.

Meanwhile, new listings grew by 3.5% year –over year for single-family homes and 8.9% for condos.

Median sales prices remained stable compared to the same month last year, lingering at $700,000 for single-family homes and dipping 1.7% to $575,000 for condos.

“The influx of new listings is a positive sign given the continued inventory challenges in Massachusetts,” said Kristen Keegan, 2026 president of MAR. “Buyers now have more options, and with easing mortgage rates, increased purchasing power. Given the decrease in closed sales, sellers still need to price their homes correctly and prepare for longer days on market. Looking forward, as we head into the summer months, I expect to see a continued uptick in new listings and overall stronger sales activity.”

Since being signed by Massachusetts Governor Maura Healey in 2024, the Affordable Homes Act has kickstarted development of over 90,000 units of housing in the Commonwealth, according to data from the U.S. Census Bureau.

Several initiatives under the Act have contributed to the housing supply:

• The Momentum Fund, introduced in the Act, leverages low-cost capital and partners with private developers to incentivize already permitted housing construction. So far, it’s financed over 460 units statewide.
• MBTA multifamily zoning changes prompted communities across Massachusetts to begin development of 5,200 housing units.
• EOHLC-funded projects and permits and approvals for accessory dwelling units will add thousands more homes to Massachusetts’ supply.

“The housing shortage takes away people’s power to choose where they want to live, which is why we’ve acted urgently to implement the Affordable Homes Act, build more housing and give choice back to renters and homebuyers,” said Secretary of Housing and Livable Communities Ed Augustus in a press release.

Many Massachusetts sellers listed homes and prepared to close in May, according to the Massachusetts Association of REALTORS®. Closed sales decreased by 6.7% and 2.4% for single-family homes and condos, respectively. Pending home sales increased by 36.6% year over year.

Meanwhile, new listings grew by 3.5% year –over year for single-family homes and 8.9% for condos.

Median sales prices remained stable compared to the same month last year, lingering at $700,000 for single-family homes and dipping 1.7% to $575,000 for condos.

“The influx of new listings is a positive sign given the continued inventory challenges in Massachusetts,” said Kristen Keegan, 2026 president of MAR. “Buyers now have more options, and with easing mortgage rates, increased purchasing power. Given the decrease in closed sales, sellers still need to price their homes correctly and prepare for longer days on market. Looking forward, as we head into the summer months, I expect to see a continued uptick in new listings and overall stronger sales activity.”

Since being signed by Massachusetts Governor Maura Healey in 2024, the Affordable Homes Act has kickstarted development of over 90,000 units of housing in the Commonwealth, according to data from the U.S. Census Bureau.

Several initiatives under the Act have contributed to the housing supply:

• The Momentum Fund, introduced in the Act, leverages low-cost capital and partners with private developers to incentivize already permitted housing construction. So far, it’s financed over 460 units statewide.
• MBTA multifamily zoning changes prompted communities across Massachusetts to begin development of 5,200 housing units.
• EOHLC-funded projects and permits and approvals for accessory dwelling units will add thousands more homes to Massachusetts’ supply.

“The housing shortage takes away people’s power to choose where they want to live, which is why we’ve acted urgently to implement the Affordable Homes Act, build more housing and give choice back to renters and homebuyers,” said Secretary of Housing and Livable Communities Ed Augustus in a press release.