Beverly Q1 Housing Market by the Numbers

This report shows a picture of the Beverly Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago, a comparison which shows a huge change at lower price points.

Median Prices and Sales
Sales of SFHs recovered sharply from last year, although sales of condos were down slightly. The median price of a SFH was lower than a year ago, while that for condos was well up. Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.

Source: MLS, Oliver Reports

Current Inventory
The median SFH price in Beverly is around $400,000. A year ago there were 19 houses available below this level, but today there are just 7. A similar pattern is seen in condos, where the median price is around $250,000. The number of condos for sale below this level is half that of a year ago.

MLS, Oliver Reports

If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com. for a free market analysis and explanation of the outstanding marketing program I offer.

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Read  Which broker should I choose to sell my house?

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

@OliverReports