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The Massachusetts condominium market saw prices shrink heading into the fall housing market, according to August sales data released by The Warren Group, the publisher of Banker & Tradesman.

The median statewide condo sale price decreased 3.1 percent on a year-over-year basis to $526,000, down from $542,635 in August of 2024. The year-to-date median sale price was flat at $545,000 for both years.

“The condo market underwent a bit of an adjustment earlier this year, and purchases made in June and July are reflected in the August numbers,” Cassidy Norton, associate publisher and media relations director of The Warren Group, said in a statement. “For the first time since 2011, the condo market had four months of inventory in May. That’s exactly what the market needs to moderate prices, and is reflected in an increase in sales versus August of last year, as well as drop in the median sale price.”

There were 1,893 Massachusetts condo sales in August, a 4.9 percent increase year-over-year. That means there have been 13,146 condominium sales in the first eight months of 2025, a 3.5 percent increase from 2024.

Those increased sales have been enabled by an increase in condo inventory, according to the Massachusetts Association of Realtors. Statewide, there were 3,510 condos for sale in August, up from 3,477 a year earlier. Specifically in Greater Boston, the condo market’s epicenter, there were 2,631 units for sale, an increase of 1.3 percent year-over-year.

The Massachusetts single-family home market didn’t see the same level of softening, The Warren Group’s data shows. The company said there were 4,422 single-family home sales in Massachusetts, a decrease of 2.1 percent from August 2024. Meanwhile, the median single-family home price increased 4.2 percent on a year-over-year basis to $658,200, but Norton predicted September buyers could see some relief.

“Following the usual pattern, the median sale price in August was up versus 2024 but down versus July,” Norton said. “Buyers who are looking now are likely to see lower prices and reductions from earlier in the year. Interest rates are down at the moment, which may help some buyers and sellers decide to enter the market.”

There were 28,210 single-family home sales in the first eight months of 2025, a 2.7 percent increase on a year-over-year basis. The median year-to-date single-family sale price increased 4 percent on a year-to-date basis to $645,000.

The Greater Boston single-family market had a better August than the state as a whole.

There were 2,236 single-family home sales in the Greater Boston housing market in August 2025 which marked a 0.9 percent increase from August 2024. The median single-family sale price increased 3.1 percent on a year-over-year basis to $820,000. 

Year-to-date, there were 13,963 single-family home sales in the Greater Boston housing market in 2025, up 2.9 percent from 2024. Additionally, the median sale price of $810,000 represents a 4.5 percent increase from 2024.