The median sale price for a single-family home in Massachusetts climbed to just more than $666,000 in May.

Real estate market analysts at The Warren Group said Tuesday that there were 4,010 single-family home sales in the Bay State last month, a 2.4% increase over May 2024’s sales. The median price paid for those homes was up 4.7% year-over-year basis to hit $666,125, the organization said.

“We talk a lot about lack of inventory, which is a problem, but still the state has seen an increase in the number of single-family sales since last year, as well as a rise in the median sale price,” Cassidy Norton, associate publisher of The Warren Group, said. “Median sale prices tend to follow a curve throughout the year, with the high point usually in June, so buyers who can hold on may see deals later in the year.”

Nippon Steel completes $15B takeover of US Steel

Nippon Steel and U.S. Steel said Wednesday they have finalized their “historic partnership,” a deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company first proposed its nearly $15 billion buyout of the iconic American steelmaker.

The combined company will become the world’s fourth-largest steelmaker, and bring what analysts say is Nippon Steel’s top-notch technology to U.S. Steel’s antiquated steelmaking processes, plus a commitment to invest $11 billion to upgrade U.S. Steel facilities.

In exchange, Nippon Steel gets access to a robust U.S. steel market, strengthened in recent years by tariffs under President Donald Trump and former President Joe Biden, analysts say.