‘The market is just frozen’: The demand for homes is high, but few owners are selling

Ask the Expert
Patricia Baker (center) with Keller Williams Realty in Newton, talked with her clients after they left an open house. Pat Greenhouse/Globe staff

The spring home-buying season, marked by April open houses and May closings, is nearing its peak. This year, though, it’s been more like a bump, the Globe’s Tim Logan reports.

The reason? There’s just not much to buy out there.

The number of homes for sale in Greater Boston — especially single-family houses in the suburbs — is at its lowest spring level in years. At the same time, attractive interest rates and pent-up demand have increased the number of people looking to buy.

For those home shopping, that means higher prices in a region already among the most expensive in the country. Last year, the median cost of a single-family home in Greater Boston climbed almost 10 percent, to $680,000, according to GBAR, the fastest clip since 2009, when the market was emerging from the prior year’s housing crash.

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