Housing inventory numbers show market remains very tight
While most people are concentrating on the holidays at this time of year, houses are still selling – and quickly – as I reported last week. With very little inventory well-priced homes do not last for long.
Beverly, Danvers, Georgetown, Lynn, Lynnfield, Peabody and Salem have month after month had 3 months or less of inventory (6 months is considered to be a market in equilibrium), while Manchester has had the largest supply.
Source: MLS, Oliver Reports
Peabody and Salem have been the tightest condo markets, while Swampscott’s supply number was boosted when a new development came to market in October:
Source: MLS, Oliver Reports
The following tables have more detail for the current position for each city or town:
Source: MLS, Oliver Reports
and condos:
Source: MLS, Oliver Reports
If you are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or [email protected].
Andrew Oliver is a Realtor with Harborside Realty in Marblehead.
This lack of inventory is certainly frustrating for us Realtors and our clients. I have many buyers looking to buy – and nothing to buy.
Cheers
Who are you going to call when you want to sell your house quickly?
Call Harborside!