Open Houses on Cinco de Mayo
Grab your umbrella and head to these Open Houses: (more…)
Essex County Inventory: Town by Town
Conventional wisdom is that a market is in equilibrium between buyers and sellers when the inventory represents 6 months of supply.
The table below lists inventory in terms of months of supply from the lowest to highest and suggests that nearly every town in Essex County is still seeing a seller’s market:
Housing Inventory by Price in North Shore towns
While conventional wisdom holds that a market is in equilibrium between buyers and sellers when the current inventory represents 6 months of sales, that overall number masks major differences which occur at different price points.
The tables below show the position by price for Essex County overall and for Marblehead, Swampscott, Salem, Beverly and Lynn.
Essex County
The table below breaks down supply at different price levels for Essex County overall.This shows that the dynamic between sellers and buyers changes as prices go above $750,000.
Essex County Inventory Increases Further
The number of Single Family Homes (SFH) for sale in the 34 cities and towns of Essex County increased year over year (YOY) for the 11th consecutive month in May:
(more…)
Open Houses weekend May 4/5
Here are the Open Houses for the weekend. Don’t forget to check back at 8 am tomorrow for an updated list of Sunday Open Houses: (more…)
New Listings week ending May 3
Here are the new listings for the week ending May 3: (more…)
Lynn Q1 2019 Housing Market Report
[Click Lynn Q1 2019 Housing Market Report to download a copy of this report].
While the median price of Single Family Homes (SFH) sold in Q1 2019 increased nearly 8% compared with Q1 2018, it was only slightly higher than in the second half of 2018. Sales dropped slightly from last year’s record level. (more…)
Mid-week New Listings May 1
Here are the latest new listings. Check back this weekend for a report on current inventory. (more…)
“Home price growth screeches to a 6 1/2-year low”
“Home price growth screeches to a 6 1/2-year low, Case-Shiller says,” was the headline in a report about the latest Case-Shiller 20 City Index which showed that the rate of increase in February was marginally less than in January. The article started: “National home price appreciation has thudded back to earth.”
Wow, what catastrophe has occurred? (more…)
Open Houses Sunday April 28
Here are today’s Open Houses: (more…)
Swampscott Q1 2019 Housing Market Review
[Click Swampscott Q1 2019 Housing Market Review to download a pdf of this report]
Q1 is always the slowest quarter of the year for sales, but in 2019 that was especially true in Swampscott. Sales of Single Family Homes (SFH) dropped from 22 to 14 and of Condos from 20 to 10. There were no condo sales at Avery included in either year. (more…)
Salem Q1 2019 Housing Market Review
[Click Salem Q1 2019 Housing Market Review to download a pdf of this report.]
The median price of Single Family Homes (SFH) sold in Q1 2019 increased 4% compared with Q1 2018 to $445,500. Sales of SFH declined from 41 to 36. (more…)
Beverly Q1 2019 Housing Market Review
[Click Beverly Q1 2019 Housing Market Review to download a pdf of this report.]
The median price of the Single Family Homes (SFH) sold in Q1 2019 increased 15% compared with Q1 2018 to $525,000, the first time Beverly has recorded a quarterly median price above $500,000. Sales of SFHs, however, dropped from 53 to 37. (more…)
Essex County Q1 2019 Housing Market Review
[Click Essex County Q1 2019 Housing Market Report to download a pdf of this report]
The median price of the Single Family Homes (SFH) sold in the 34 cities and towns of Essex County in Q1 2019 increased 2.9% to $445,000, while sales were almost exactly the same as a year ago. (more…)
Marblehead Q1 2019 Housing Market Review
[Click here to download a pdf of this review.]
Single Family Homes (SFH)
The median price of SFH sold in Marblehead in Q1 2019 was $602,500. This compared with $730,000 in Q1 2018 and $605,000 in Q1 2017, a clear indication of the quarterly fluctuations that can occur, especially during the winter months, when the number of sales is small.
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