Spring 2025 Real Estate Update: What’s Happening North of Boston?

Spring is in full bloom — and so is the real estate market north of Boston! Whether you’re thinking about buying, selling, or just keeping an eye on the market, this season is already shaping up to be one of the most competitive in recent years. Here’s what you need to know:

Inventory Remains Tight — But New Listings Are Picking Up

While inventory has been historically low across Massachusetts for the past few years, we are finally starting to see a slight uptick in new listings this spring. Towns like Reading, Melrose, Burlington, and Andover are seeing an increase in available homes compared to early winter.

However, demand is still outpacing supply. Well-priced homes, especially those in move-in-ready condition, are attracting multiple offers — often within the first weekend on the market.

Interest Rates Are Stabilizing

After several years of rate hikes, the mortgage market has finally found some footing. Interest rates have settled into the mid-6% range as of April 2025, a noticeable improvement from the peak rates we saw in late 2023.

Buyers seem to have adjusted their expectations and are re-entering the market with more confidence, creating strong competition, especially in desirable commuter towns north of Boston.

What Buyers Should Expect

• Be prepared: Pre-approvals and strong financial profiles are essential.
• Flexibility is key: Consider waiving contingencies cautiously and offering flexible closing timelines to stay competitive.
• Act fast: Homes are going under agreement quickly — many within 5–7 days.

What Sellers Should Know

• Now is the time to list: Spring historically brings the most buyer activity, and this year is no exception.
• Presentation matters: Homes that are well-staged and properly priced are commanding premium offers.
• Pricing strategy is crucial: Overpricing can still cause homes to sit longer than you’d expect — even in a competitive market.

Popular North of Boston Towns Heating Up

Some standout towns where buyer demand is particularly strong right now include:

• Winchester: Still a favorite for families thanks to its top-rated schools and charming town center.
• Stoneham: More affordable relative to neighboring towns, Stoneham is seeing a surge in young professionals and first-time buyers.
• Wakefield: The draw of Lake Quannapowitt and proximity to the commuter rail make Wakefield homes highly desirable.
• North Andover: Larger lots and newer construction options continue to attract buyers willing to move a bit further out for more space.

Final Thoughts

The Spring 2025 real estate market north of Boston is vibrant and full of opportunity — but also competitive. Whether you’re buying your first home, upgrading, or considering selling, understanding the current trends will help you navigate it more successfully.

If you have questions about your specific town or want a customized strategy for your real estate goals this year, feel free to reach out. I’m here to help you make the most of this exciting market!