North Shore REALTORS® May Housing Statistics

Tuesday July 08, 2025

BEVERLY  – June 24, 2025
North Shore REALTORS® (NSR) has released housing data for May 2025. In May, the condominium market rebounded in nearly every way except closed sales. Condo prices for 2025 have been flat year to date compared to 2024, but May showed a strong upward trend, increasing 4.3% year over year.

May data provided the following key indicators:

  • New listings are holding fairly flat year over year while pending sales continue the 2025 trend of rising ~10%.
  • Year over year days on market are trending towards a 13% increase so far in 2025 for both single family homes and condos. This increase has so far not shown a downward effect on prices.

“The May statistics reflect a highly competitive single-family market, with inventory slightly down and prices up nearly 6% year over year. While it’s still a strong seller’s market, a recent uptick in listings could level the playing field for buyers in the near future.”

A complete breakdown of May’s data can be found nearby. Housing data encompasses Beverly, Danvers, Essex, Georgetown, Gloucester, Groveland, Hamilton, Haverhill, Ipswich, Lynn, Lynnfield, Manchester-by-the-Sea, Marblehead, Merrimac, Middleton, Nahant, Peabody, Rockport, Salem, Saugus, Swampscott, Topsfield, and Wenham.

North Shore REALTORS® is a nonprofit advocacy, support, and education resource for REALTORS® and the public. As a member-based trade association, NSR brings together diverse perspectives from the real estate community across the North Shore of Massachusetts. NSR was founded in 1923 and currently serves upwards of 1,300 members.

Historic Data Spotlight

Single Family

YEAR MEDIAN PRICE CLOSED SALES INVENTORY
2025 $752,000 261 429
2024 $700,000 254 446
2020 $487,450 254 508
2015 $369,000 329 1,089

 

 

Condominium

YEAR MEDIAN PRICE CLOSED SALES INVENTORY
2025 $470,000 111 197
2024 $450,500 127 183
2020 $329,950 92 244
2015 $249,000 145 480

 

 

 

 

 

Subscribe To Receive Our Newspaper Every Wednesday Morning FREE

Join our mailing list to receive the latest news and newspaper within your emails.

You have Successfully Subscribed!