This Quarterly Boston MF real estate market report summarizes recent sales and listing activity using MLS-recorded transaction data from mlspin.

Metrics are derived directly from recorded listing and sales activity during the period and include measures of transaction volume, pricing trends, time on market, and buyer competition. The narrative is generated systematically from underlying data to provide a consistent, objective view of current market conditions.

On a year-over-year basis, pricing conditions in Q1 2026 were mixed compared to 2025.

Sales activity strengthened at 78 multi-family listings sold, 11.4% higher than 70.

The median sale price was $1,222,500, up 8.7% from $1,125,000.

Homes spent a median of 78 days on market, down 7.1% from 84 days.

69% of homes sold above asking price, up from 51%, signaling stronger buyer competition.

Looking at quarter-to-quarter momentum, conditions shifted from the prior period.

Sales activity decreased 13.3% from Q4 2025, moving from 90 listings.

Home prices were largely unchanged, holding near $1,240,000.

Sellers saw little change in time on market, holding near 77 days.

Buyer competition intensified, with a greater share of homes selling above asking compared to the prior period.