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Buyers now need to pay 52.7 percent more than they would have in May 2019 for the same sized home, with a surge in working from home partly to blame.
The median sale price for a single-family home reached a record $950,000 in Greater Boston last month and local realtors have said it is likely to reach seven figures this summer
Home sales see first year-over-year increase since 2021, but there still isn't enough inventory to meet the demand.
Despite a new record-high for single-family home prices in the Greater Boston area in April, sales were up last month across single-family, multifamily and condominium properties, according to new data from the Greater Boston Association of Realtors.
The record-breaking figure represents an unmitigated housing crisis that is pushing homeownership further out of reach for everyday people.