Essex County Inventory continues to improve

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Inventory always starts the year at a low level, before picking up in the spring and early summer.

Single Family Homes (SFH)
While Inventory is sharply higher than in the immediate post-COVID years, it is half or less the levels of 2019.

Condos
Condo inventory has also increased over the last year, but is still below the 2019 level – but not by as much as SFH Inventory.

Mortgage rates
Mortgage rates dropped below 6% in early 2026 but have since moved up in line with the increased yield on the US 10-year Treasury. Fannie Mae’s May housing forecast locks in a 6.3 percent average 30-year rate through the end of 2026 and most of 2027, as the Iran War keeps inflation elevated and Federal Reserve rate cuts off the table.

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

““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”

Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass

www.OliverReportsFL.com