Another month, another record broken.

According to data from The Warren Group, publisher of Banker & Tradesman, June’s median sale prices broke records for both single-family homes and condominiums. July’s median sale price for condos continued the streak, though single-families dropped compared to last July.

Meanwhile, the number of sales for both condos and single-families dropped considerably over last July. While it’s true that 2015’s spring market shifted considerably due to the winter storms of early 2014 and early 2015 – and thus July’s figures last year were abnormally high – there’s more at play in those numbers.

Every Realtor out there knows about, and is fretting over, the lack of inventory in every town, every city, every neighborhood. The Massachusetts Association of Realtors reported inventory was down to a 3.6 month supply for single-families statewide in July, and condos a dismal 2.4 months of supply.

Speculation as to the cause is rampant. Some say sellers are worried they won’t be able to find a home to move up and into, so don’t list the one they’re currently living in. Home values in some areas of the state, particularly the Gateway Cities, haven’t recovered; without that equity, there’s no need or ability to sell. Wages have stagnated for much of the past decade and households haven’t recovered from the hit they took over those 10 years.

So the number of houses for sale drops, the number of sales plummets and the prices rise.

Then there’s the real and significant lack of new housing development. Op-ed contributor Susan Gittelman wrote about that issue in last week’s issue of Banker & Tradesman, making a case for the zoning reform pending in the Legislature and taking aim at the local “obsolete” zoning regulations.

This week’s issue features a rebuttal from Scott Colwell, president of the Homebuilders and Remodelers Association of Massachusetts, who takes it a step further and says the real problem with the creation of housing in our fair commonwealth is the “rampant anti-development and anti-schoolchildren attitude that pervades the local approval process” for all housing, not just the affordable kind.

Then, of course, there are the issues with the new housing that is being created – teardowns and McMansions are on the rise again, as columnist Scott Van Voorhis reports this week. Smaller, affordable starter homes are disappearing and enormous manses rising where once they were.

It’s all of a piece – the teardowns, the local zoning regs, the fear of massive urban-style projects towering in the suburbs, filled with undesirables.

Massachusetts claims itself one of the most liberal states in the country. Our housing issues expose our ugly underbelly and put lie to those claims. Couch it in whatever terms you like: our current course is racist, classist, morally wrong and unstainable.

While America takes a hard look at its assumptions and actions in this difficult year, it would be a betrayal of the values of this country if its birthplace did not do the same.