In July, home prices fell slightly from the month before, with a median listing price of $949,500.
The number of listings on the market shrank 11.3% from last month, which is a bigger decrease than normal for this time of the year in Boston, and homes are also selling slower than at the same time last year.
Home prices in Boston
Typically, home price per square foot in Boston tend to fall in July. And the most recent data shows that the price per square foot decreased by 0.5% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in Beantown are smaller the national market.
Boston inventory
In July, there were 1,387 homes for sale in Boston, which was 11.3% less than the month before and 25.9% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
The number of new listings in Boston was 438, which was 38.8% less than the month before and 6.4% less than the same time last year.
Nationally, the number of new listings fell by 3.9% from last month to 434,816.
Time on market
Homes in Boston take an average of 55 days to sell, according to July figures.
This is nine days more than the previous month and two days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Boston, MA.