Essex County Inventory – Relative and Absolute Levels
While Inventory levels have increased significantly in the last year or so, it is useful to put current levels into the pre-COVID perspective.
Single Family Homes
SFH levels are 75% higher than they were in 2023 – but only half the level of 2019:
Condos
Condo levels have doubled in the last 3 months but are still well below levels of 2019:
Comment
From many points of view, the cheap post-COVID cheap money era lasted much too long (as I wrote repeatedly at the time). For Essex County, the ending of cheap mopney as far as real estate is concerned has only produced higher (normal) inventory levels, not the price reductions seen elsewhere in the country. But Essex County is not Florida: people weren’t heading to Essex County in their thousands.
(My economic commentaries at the time can be read here: Mortgage and Economic Commentary?
Open Houses July 4th weekend
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
There were very few New Listings before July 4th. This table shows the latest inventory:
Open Houses weekend June 28/29
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
(more…)
New Listings and Inventory week ending June 27
Here are the latest New Listings and Inventory:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”
Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass
www.OliverReportsFL.com
Open Houses weekend June 21/22
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
(more…)
New Listings and Inventory week ending June 20
Here are the latest New Listings and Inventory:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”
Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass
www.OliverReportsFL.com
Open Houses weekend June 14/15
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
(more…)
New Listings and Inventory week ending June 13
Here are the latest New Listings and Inventory.
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”
Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass
www.OliverReportsFL.com
Open Houses weekend June 7/8
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
(more…)
New Listings and Inventory week ending June 6
Here are the latest New Listings and Inventory.
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”
Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass
www.OliverReportsFL.com
Open Houses weekend May 31/June 1
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
(more…)
New Listings and Inventory week ending May 30
Here are the latest New Listings and Inventory.
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”
Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass
www.OliverReportsFL.com
Politics, Financial Markets, and The Magnificent Seven
At the end of The Magnificent Seven (1960) Yul Brynner says: “…only the farmers won. We lost. We always lose.” (The “we” refers to the gunslingers hired to protect a Mexican village from bandits.)
I am reminded of this quote whenever politicians try to take on financial markets – the markets are the farmers, and the politicians are the gunslingers.
Let us look at two recent examples – I asked my best buddy ChatGPT for non-political commentaries.
UK 2022
When Prime Minister Liz Truss announced large, unfunded tax cuts in September 2022, it triggered a sharp loss of confidence in the UK’s financial markets. Here’s a non-political explanation of what happened and how it was resolved, focusing purely on economic and financial mechanisms:
What Happened: (more…)
New Listings and Inventory before Memorial Day
Here are the latest New Listings and Inventory.
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”
Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass
www.OliverReportsFL.com
Open Houses Memorial Day weekend
Here are this weekend’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
(more…)
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