New Listings before Labor Day
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
2 of Every 25 U.S. Homes Worth at Least $1M
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
Open Houses Sunday August 27
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
Open Houses weekend August 26/27
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
New Listings week ending August 25
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
2 of Every 25 U.S. Homes Worth at Least $1M
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
New Listings mid-week August 23
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
2 of Every 25 U.S. Homes Worth at Least $1M
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
Open Houses Sunday August 20
Here are today’s Open Houses :
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
Open Houses weekend August 19/20
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
New Listings week ending August 18
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
2 of Every 25 U.S. Homes Worth at Least $1M
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
New Listings mid-week August 16
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
2 of Every 25 U.S. Homes Worth at Least $1M
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
Open Houses Sunday August 13
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
2 of Every 25 U.S. Homes Worth at Least $1M
While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states..
The share of homes worth seven figures is on an upswing after dipping to a 12-month low (7.3%) in February because prices are rising on a year-over-year basis after a decline early in the year.
Overall, the median U.S. home-sale price rose 3% in July, the biggest increase since last November, according to Redfin, with luxury home prices rising even faster – up 4.6% year over year to $1.2 million in the second quarter.
Elevated mortgage rates discourage potential home sellers, who are staying put to keep their relatively low mortgage rates. As a result, inventory dropped so low that buyers still in the market are competing for those few homes that are for sale. That’s driving up home prices and pushing many of those listings above the million-dollar mark.
“The supply shortage is making many listings feel hot,” said Redfin Economics Research Lead Chen Zhao. “In most of the country, expensive properties that are in good condition and priced fairly are attracting buyers and in some cases bidding wars, mostly because for-sale signs are few and far between right now.”
The share of homes worth seven figures has doubled since before the pandemic. In June 2019, just over 4% of homes were valued at $1 million or more.
East Coast metros gain most $1 million-plus homes
Over one-quarter (25.8%) of homes in the Bridgeport, CT metro – which has many popular New York City suburbs – are worth at least $1 million, up from 23.1% a year ago, the biggest increase of the metros analyzed. It’s followed by Boston, where the share increased from 20.3% to 21.5%, and Newark, N.J. (8.7% to 9.7%). (more…)
Open Houses weekend August 12/13
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
*due to the timing of the MLS feed many of Sunday’s OHs show up in today’s links later today and will be in tomorrow’s post
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
New Listings week ending August 11
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
New Listings mid-week August 9
Here are the latest New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Inventory continues to show a sharp drop from last year:
And these recent articles:
Housing Inventory Drops; Mortgage Rates Rise
Marblehead Mid-year 2023 Market Stats
Swampscott Mid-year 2023 Market Stats
Salem Mid-year 2023 Market Stats
Economic and mortgage commentary
Two signs Inflation is Slowing (more…)
Open Houses Sunday August 6
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles:
Bidding Wars return to North Shore
Housing Inventory Drops; Mortgage Rates Rise
Two signs Inflation is Slowing (more…)
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