The spring market is here, and things are heating up in the North of Boston real estate scene. We’ve been keeping a close eye on single-family home trends in Middlesex and Essex counties, and there are some key shifts worth noting when we compare March 2025 to March 2024.
Inventory & Sales Activity
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Active listings are down about 6%, continuing the trend of limited inventory.
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In Essex County, the number of homes sold jumped by 12%, showing strong buyer activity.
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Meanwhile, in Middlesex County, sales dipped by 10%, likely impacted by tighter inventory.
Pricing & Market Pace
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The median sale price in Essex County held steady around $700,000, and Middlesex County remained around $850,000.
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Days on market averaged about 38 days, suggesting that homes are still moving relatively quickly.
What We're Seeing on the Ground
The spring market is off to a strong start. We're beginning to see more listings hit the market, and we expect inventory to continue rising as we head into summer. However, even with more homes being listed, inventory remains low compared to demand.
Buyer demand is incredibly strong. We're seeing multiple offers on many homes, often leading to rising prices. Not only are sellers getting the price they want, but they’re also beginning to negotiate favorable terms again.
Advice for Sellers and Buyers
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Sellers: If you're considering a move, listing sooner rather than later could help you take full advantage of this fast-moving market.
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Buyers: Be prepared—it may take a few offers to land the right home. Starting your search early and having a solid strategy in place is key.
If you're thinking about buying or selling in the suburbs north of Boston, let's connect!
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