Home Sales picking up in September

In addition to longer-term trends I try also to comment on current market conditions.

Whereas new sales (as in accepted offers rather than closed transactions) increased 8% in Essex County in August compared with a year ago, in Marblehead they dropped slightly. The numbers in August are small but we saw 17 new sales against 22 a year ago.

I believe that September’s new sales will give a lead as to how strong the market will be this winter. In Essex County new sales are already some 73% of last year’s total, so look likely to show an increase year on year. In Marblehead, new sales have reached 21, which compares with 18 in the whole of September 2014.

So far, so good.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
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