June isn’t just the start of summer - it’s National Homeownership Month, a time when the housing market gets a little extra attention. Every June, the country comes together to reflect on the value of owning a home and what it means for individuals, families, and communities. It’s not just about real estate transactions - it’s about financial stability, personal pride, and laying down roots. And if you’ve been thinking about buying or selling in Boston, now might be the moment to make your move. The city’s real estate scene is as competitive as ever, but there are some surprising opportunities this year. Whether you’re a first-time buyer sweating over mortgage rates or a homeowner wondering if it’s the right time to sell, here’s what you need to know.

What’s the Big Deal About National Homeownership Month?

Back in the ‘90s, the U.S. government decided to dedicate June to celebrating homeownership - and for good reason. Owning a home isn’t just about having a place to live; it’s one of the most reliable ways to build wealth over time. This month is about honoring that tradition, while also recognizing the work still needed to make homeownership more accessible to more people.

A few major themes stand out:

• Affordability: Rising prices have made buying a home harder for many. This month, government agencies and nonprofits are spotlighting programs that help bridge that gap.
• Wealth Building: Homeownership is one of the most powerful ways to build long-term financial security.
• Support for First-Time Buyers: Agencies like HUD and the FHA are rolling out new tools and loan products to make it easier for new buyers to take that first step.
• Community Pride: Owning a home means putting down roots - and that benefits the neighborhood as much as the homeowner.

Federal efforts are ramping up too. The feds have introduced tax credits for new buyers and incentives for builders to create more affordable housing. HUD has recently pushed forward policies to increase housing supply and support first-time buyers, while national organizations like the National Association of Home Builders are working with lawmakers to address construction costs and zoning hurdles.

At the local level, cities like Boston are hosting seminars, housing fairs, and virtual workshops to help people better understand the process and their options.

Boston’s Housing Market Right Now: The Good, the Bad, and the Expensive

So how’s the market doing in Boston right now? In short: it's active, prices are high, but buyers have more choices than they did even a few months ago.

1. Inventory is Still Tight… But There’s a Glimmer of Hope

If you’ve been house hunting lately, you know the struggle: not enough homes, too many buyers. But here’s some good news - this spring brought a small wave of new listings.

According to the Greater Boston Association of Realtors, single-family home listings jumped 27%, and condo listings rose 37% in May compared to last year. Statewide, new listings climbed: up 21.7% for single-family homes and nearly 24% for condos.

2. Prices Aren’t Skyrocketing (But They’re Not Dropping Either)

Boston remains one of the most expensive markets in the country. The median home price sits around $820,000–$830,000, up 3–4% from last year. In the Greater Boston area, single-family homes averaged nearly $980,000, and condos came in around $750,000 - both record highs for May.

But homes are still selling fast. Over 60% of listings go under contract within two weeks, and on average, properties go under contract in just three weeks, with many receiving multiple offers.

3. Mortgage Rates: The Eternal Headache

Rates are hovering around 6.4%, which is better than last year’s peak but still painful. Some buyers are getting creative with adjustable-rate mortgages (ARMs) or asking sellers for rate buydowns to ease the sting.

4. The Luxury Market is Still Booming

The high-end market has also been busy. Boston’s luxury segment is growing, especially in neighborhoods like Back Bay and Beacon Hill. While prices remain steep, there are signs that ultra-high-end homes are taking slightly longer to sell - creating negotiation wiggle room for well-qualified buyers.

5. Renters Aren’t Getting a Break Either

If you’re renting while you save for a down payment, the average rent in Boston is now $3,200/month. New apartment buildings in Allston and Dorchester are offering slightly cheaper options, but the overall rental market remains expensive.

What Should Buyers and Sellers Do Right Now?

If You’re Buying:

• You’ve got more options - especially compared to last year - but desirable homes still go quickly.
• Prep your finances: Get pre-approved and research your mortgage options.
• Look into first-time buyer programs - MassHousing and FHA loans can save you thousands upfront.
• Consider condos or up-and-coming neighborhoods like East Boston and Mattapan for affordability and growth potential.
• Be ready to move fast - but don’t skip inspections just to win a bid.

If You’re Selling:

• Timing is still on your side - June is prime time, with buyers actively looking.
• Price it right: Overpriced homes sit, but well-priced ones get multiple offers.
• Use strategic marketing: Leverage the National Homeownership Month buzz by promoting your listing as a smart investment.
• Highlight energy-efficient upgrades - buyers love features like solar panels and new HVAC systems.
• Watch the competition: Homes in Arlington and Melrose are moving quickly, but other areas may require patience and flexible pricing.

Bottom Line: Should You Make a Move This June?

National Homeownership Month isn’t just symbolic - it’s a real opportunity. Whether you’re buying your first home, moving to a new neighborhood, or selling a place you’ve loved for years, June is a great time to take stock of your goals and make smart moves. Boston’s real estate market may be competitive, but it’s also opening up in ways we haven’t seen in a while. With more inventory, clearer pricing trends, and strong demand, there’s room for both buyers and sellers to succeed - if they’re prepared. So if real estate is on your mind, don’t wait for the fall. Now’s the time to make a move - or at least start the conversation.

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Paolo Jimenez 

Real Estate Advisor
857-424-0141 – [email protected]

Website: paolojrealestate.com

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Disclaimer

The information presented in this blog is based on publicly available data, industry reports, and real estate market trends from sources such as the Greater Boston Association of Realtors, the U.S. Department of Housing and Urban Development (HUD), MassHousing, and online real estate platforms like Zillow and Redfin. While efforts have been made to ensure accuracy at the time of writing, real estate markets are dynamic and subject to change. Readers are encouraged to consult with licensed real estate professionals or official agencies for the most current and personalized advice before making any buying or selling decisions.

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