May Housing Inventory shows sharp Jump

Inventory always starts the year at a low level, before picking up in the spring and early summer. There has, however, been a very sharp jump in inventory in the last month.

Single Family Homes (SFH)
May 2024 was the first month t0 show a year-over-year increase for some time. That trend has continued and was supercharged as of May 1. It will be interesting to see how inventory builds over the next 2-3 months; there has not been a reduction in sales YTD.

Condos
Condo inventory has increased sharply in the last month, reaching withing striking distance of the highest level in the last 5 years.

Mortgage rates
Mortgage rates have stayed withing a narrow range for most of 2025:

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or ajoliver47@gmail.com.

Andrew Oliver, M.B.E.,M.B.A.

REALTOR®

m 617.834.8205

www.OliverReportsMA.com

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Licensed in Massachusetts with Stuart St.James
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