Accepted offers are plateauing
The number of Accepted Offers for SFHs received in Essex County in the latest week suggests that sales activity is reasonably steady, averaging 84 per week over the last 5 weeks, which is 40-50% below last year’s levels::
This is the chart I post each week showing the Year-on-Year increase compared with 2019. Note that Holy Week was week 14 in 2010 and week 16 in 2019:
Comment
The real estate industry – professionals involved in transactions, as well as buyer and sellers – has adapted to the COVID-19 world. Buyers are out there and inventory remains low as some sellers delay listing.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
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