Bidding Wars return to the North Shore

One of the features of the housing market boom of 2020-2022 was the very high number of sales above list price, an indication that there were multiple offers resulting in bidding wars.
And a logical consequence of the market returning to more normal conditions would be to expect a decline in bidding wars, leading to fewer sales taking place above list price.
Has this actually happened?
Let’s look at the sales in last 12 months in Marblehead, Swampscott and Salem. Here is the chart: (more…)

Essex County Town by Town Guide: 2022 Median Prices and Sales; 2023 Tax Rates

Here is a town-by-town guide to 2022 Median Prices and Sales, together with 2023 property tax rates.

Read February Inventory as low as this weekend’s temperature

And these recent articles:
Economic and mortgage commentary
How Marblehead’s 2023 Property Tax Rate is Calculated
Essex County 2023 Property Tax Rates: Town by Town guide
Lies, Damned Lies and Inflation “Statistics”* (more…)