R
eal estate mogul Anthony Lamacchia discusses the current state of Mass. home prices.

    Anthony Lamacchia, CEO of Lamacchia Realty Group, joined NewsCenter 5 to discuss the Massachusetts housing market. He noted that there are more homes on the market than before the pandemic, with a total of 11,000 listings in Massachusetts currently. This is an increase from four years ago when there were about 6,000 homes for sale.

    The median single-family home price in June 2025 was $687,500, a 3% increase from last year's median price. In Greater Boston, the median price was even higher at $850,000, but with a smaller annual increase of 2%.

    Lamacchia believes that the economy is finding a new equilibrium, and this is reflected in the housing market. He thinks prices will continue to rise slightly, but not dramatically. "I don't see a big drop in store," he said.

    The number of homes sold has increased by only 5% compared to last year, while the number of homes listed has risen by 12%. This means that buyers now have more leverage and can afford to wait for better deals.

    Lamacchia also discussed mortgage rates, which hit a six-month low at around 6.33% last week. He thinks rates need to drop into the fives before sellers become comfortable listing their homes again. "When you see low sixes and a five number, it's going to be a lot better," he said.

    Overall, Lamacchia is optimistic about the current state of the Massachusetts housing market, citing more supply, increased buyer leverage, and lower mortgage rates as positive signs.