Essex County Inventory declines

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Somebody once said a week is a long time in politics. So also in real estate. A week ago the focus was on the limited inventory and the surprising drop in mortgage rates which was giving buyers another great opportunity.

This week the focus is on snow, snow and yes snow. Just imagine how bad these storms would feel today had not the Patriots won last night?

But we will adjust, and the low mortgage rates will still be out there to attract buyers. But what will they find available?

Here is the current inventory by price for Essex County. First Single Family Homes (SFHs):

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

and now condos:

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

Not a great deal of choice.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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