Massachusetts Single Family Housing Stats for July 2024:More listings isn't the cure.

[Timothy Lewman]

Median Price: $678,500, +6.02% Yoy.

Closed Sales: 4,216, -11.89% Yoy.

YTD Closed Sales: 21,325, +1.38% Yoy.

12 Month Closed Sales: 38,118, -8.70 Yoy.

Inventory: 6,035, +31.62% Yoy.

YTD inventory: 33,454, -1.59% Yoy.

New Listings: 4,349, +10.77% Yoy.

YTD New Listings: 29,789, +8.16% Yoy.

Months Supply: 1.8, +38.46% Yoy.

Cumulative Days on Market: 29, +3.57% Yoy.

Existing Home Inventory as a Percent of Households: 0.22%. Range bound since 2021.