Housing costs are at an all-time high in Greater Boston, with the median price of a single-family home across the region soaring past $1 million for the first time in history.

Realtors and advocates say the milestone is a reminder that the region remains among the most desirable in the country, and proof that the Bay State is off the mark in developing housing for all residents.

The Greater Boston Association of REALTORS has released data for sales made in June, across 64 cities and towns in eastern Massachusetts, showing the median price of a single-family home at $1,003,250.

The cost is up 2.4% from May, at $980,000, and 4.5% for this time last year, at $960,000. Homebuyers weren’t turned off by the high prices, with figures indicating 1,292 homes were sold in June, up 19.6% from the previous month.

GBAR President Mark Trigilione, the owner of Premier Realty Group, Inc., in Reading, is pointing out how the housing inventory has increased in some areas, while homes have been on the market for more days than in the past.

“This has led some buyers to believe they may see some relief on prices,” Triglione said in a statement on Thursday, “but the data and buying behavior continue to defy that notion. List to sales price ratio is still over 100% and properties priced right are selling faster than the recent Red Sox turn around.”

Triglione said he is interested in seeing how the market shapes up heading into fall, when a new home inspection law is set to take effect across the Bay State.

Sellers and agents will be barred from selling a home on the condition that a buyer waives an inspection, beginning Oct. 15. The law also blocks a seller from accepting an offer if informed in advance that the buyer intends to waive their right to an inspection.

“For most sellers, their home is their largest asset,” Triglione said, “and losing the ability to accept an offer that creates the absolute best possible situation for them to capitalize on could impact the upcoming market.”

Elliot Schmiedl, director of homeownership for the Massachusetts Housing Partners, said he’s helped fewer prospective first-time homebuyers in the last two years, with down payment and closing assistance.

“I knew it was coming, I’ve seen it coming,” Schmiedl said of the $1 million sales price, while speaking with the Herald on Thursday. “Decades of underbuilding, we need to catch up real quick.”

Schmiedl added that too much of the new construction is focused on both sides of the market spectrum, on highly subsidized, DEED-restricted affordables, and the other end, luxury condos. That has left a “massive missing middle,” he said.

“We can’t create policies that directly turn the market in another way,” he said. “There are obviously a lot of economic forces at play here. What we can do is … ramp up the intensity with which we develop, permit and finance housing of all types across the state.”

Spokespeople for Gov. Maura Healey did not respond to Herald requests for comment on the housing milestone.

Last summer, Healey signed a $5.2 billion borrowing bill into law that she argued was Massachusetts’ most “ambitious” attempt to beat back crushing housing costs and boost accessibility for residents across the state.

The legislation grants homeowners the right to construct accessory dwelling units under 900 square feet on single-family lots, which the Healey administration has expected will lead to between 8,000 and 10,000 new additions over the next five years.

The administration is also aiming to increase the statewide supply of year-round housing by 222,000 units over the next decade.

Paul Diego Craney, spokesman for the state watchdog, Massachusetts Fiscal Alliance, told the Herald that the $1 million price tag for a median single-family home across the region should serve as a wake-up call for Healey and state lawmakers.

“Massachusetts lawmakers and Governor Healey need to pursue policies that make the state more affordable,” Craney said. “It’s time to cut the income tax. It’s time for the state to give more state money to towns and cities so they can cut property taxes.”

“Everything they do at the State House must change,” he added.

Not every community in Greater Boston is dealing with median single-family home prices of over $1 million. Data from the Massachusetts Association of Realtors shows that such houses went for $719,950 in Revere, $745,000 in Braintree and $790,500 in Dedham.

“This milestone serves as a reminder of the ongoing imbalance between supply and demand in our market,” MAR’s 2025 President Sarah Gustafson told the Herald, “and underscores the urgent need for increased housing inventory to ensure greater affordability and access for all.”