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While the summer market in 2025 was great for homebuyers as a whole, buyers in Greater Boston saw some of the most balanced conditions in years.

A new analysis by economist at brokerage Redfin reported that there were 10,481 sellers and 10,963 buyers active in the market in August. Redfin also reported that there were only 4.4 percent fewer sellers than buyers in Boston. That made Greater Boston one of only 12 balanced markets in the United States, by Redfin’s estimates.

Still, data from the Massachusetts Association of Realtors reported the statewide single-family market only had two months’ worth of supply last month, while the condominium market had 2.4 months.

In comparison, there were an estimated 35.2 percent more home sellers than buyers in the overall U.S. housing market in August. June 2025 was the only month in Redfin’s records dating back to 2013 when sellers outnumbered buyers by a greater percentage.

“We haven’t yet seen a big jump in homebuyer demand due to declining mortgage rates,” Chen Zhao, Redfin’s head of economics research said in a statement. “Buyers may show up in greater numbers if mortgage rates keep falling, which could happen if the economy continues to weaken. If the economy slows further, the Fed may cut rates more than expected, but the catch is that a slowing economy could push the U.S. into a recession.”

There were an estimated 1.44 million homebuyers in the U.S. housing market in August, which was the lowest level in records dating back to 2013. Homebuyers dealing with fatigue from high levels of competition and affordability issues have retreated, and now home sellers have started to do the same. There were an estimated 1.94 million home sellers in the housing market in August, which was the lowest level since January, according to Redfin.