Massachusetts home sellers are losing leverage as 34% of listings see price cuts
HP
Hugo Pemberton
pending home sales index · Apr 17, 2026
Source: DojiDoji Data Terminal
Buyers in Massachusetts are gaining bargaining power as 34% of listings have seen price reductions. This is the highest share of price cuts for this time of year in more than a decade.
In Boston, sellers who cut their price did so by an average of $57,426, or 6.5%.
Demand has weakened as mortgage rates climbed into the mid-6% range, pushing typical monthly payments to about $2,750. Higher borrowing costs and affordability pressures have sidelined buyers, causing homes to take longer to sell. The typical property now goes under contract in 51 days, the slowest pace for this time of year since before the pandemic.
Pending sales fell 2.4% year over year, the steepest drop in three months. While the median sale price rose 2% annually to roughly $393,000, the increasing frequency of price cuts indicates a shift in leverage toward buyers.
pending home sales index
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