Massachusetts & New Hampshire 2025 Housing Market Update

By Chris Doherty

Christian Doherty lists and sells more homes than any other agent in the Greater Lowell, Massachusetts market with over 300 homes sold in the past 12 months. Chris is ranked in the top 1% of all agents in the United States.

Is the real estate market shifting in 2025? With the spring market in full swing, I wanted to update you on how things are looking this May. Whether you’re a buyer, seller, or investor, it’s important to stay up to date with the latest trends. Let’s take a look at the Massachusetts and New Hampshire markets and see where we stand.

Single-family homes. There’s more inventory compared to last year, with listings increasing by 9.22%, which means more options for buyers. However, homes are taking a bit longer to sell, with days on the market rising by 9.76%. Despite this, the absorption rate is still at 1.66 months. While fewer homes are selling overall, down by 1.44%, prices are still climbing, with a 6% increase.

What does this mean? This still places us in a seller’s market, as an absorption rate of less than three months is considered seller-friendly. Anything from three to five months is considered a neutral market, and anything beyond that tips the scale toward a buyer’s market.

We’ve got more homes on the market, but it’s still a competitive space for buyers. Sellers might find it’s taking a little longer to close, but prices are holding steady and continuing to climb.

Condo units. The condo market is also seeing more listings, with an increase of 11.62%. The absorption rate is at 2.55 months, which still places it in a seller’s market territory, though it’s approaching neutral. Pending sales are up by 2.29%, showing that homes are going under contract more frequently. While the number of units sold has only risen slightly by 0.79%, sale prices have still increased by 2.77%.

This suggests that while we’re seeing a bit of a slowdown compared to last year, prices are still on the rise. For buyers, it’s a good time to consider options in the condo market, but expect some competition.

Multi-family homes. The multi-family market is where the big action is. Listings are up 5.87%, and sale prices have increased by 7.56%. With an absorption rate of just over two months, it remains a seller’s market. However, the number of units sold has decreased by 7%, largely due to higher interest rates and limited inventory.

Even with fewer units being sold, the multifamily market is still thriving. If you’re selling, now could be a great time to take advantage of the demand for multifamily units.

Rental market. The rental market has seen a 28% increase in inventory, which is good news for tenants but not as great for landlords. The number of units rented is down by 3%, and rental prices have increased only by 1%, the smallest rise in a while.

For landlords, this means your properties may take longer to rent out due to more competition. On the other hand, tenants could consider this a positive shift with more rental options and more balanced pricing.

What’s the overall picture? In Massachusetts and New Hampshire, the real estate market is still holding strong, but there are signs of change. Prices continue to rise in the single-family and multifamily markets, although sales are slowing down a bit. Likewise, inventory is increasing and is giving buyers more choices, but the market remains competitive.

Whether you’re looking to buy or sell, now might be a good time to make your move as the market adjusts. If you have any questions, don’t hesitate to call me at 978-746-0124 or send an email to chris@dohertyproperties.com. I’m happy to help.