Essex County Inventory and Activity update
SFH Inventory as of September 1 dropped slightly from August 1 and still trails historic levels. See the chart and comment later in this article for more details.
Single Family Homes
Condo inventory picked up a little as of September 1, but still lags historic numbers :
After moving up earlier in the year the 30-year Fixed Rate Mortgage has dropped well below 3% again. Note how cheap 15-year mortgages are for those who can afford the extra monthly payment.
While there has been some pick-up in inventory in recent months, this next chart shows how the number fluctuates on a daily basis.
And despite the much lower inventory levels than in 2019 the number of Accepted Offers during the May-August period is only 4% lower:
Now we wait to see if there will be a pick up in New Listings after Labor Day.
Read these recent articles:
Is Inventory picking up at last?
Team Harborside recognized on America’s Best Real Estate Professionals list
Are mortgage rates heading up or down?
Essex County 2021 Residential Property Tax Rates: a Town by Town guide
Naples Housing Market Mid-Year 2021 Review
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 Andrew.Oliver@SothebysRealty.com.
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of Oliver Reports . 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, Sale, Beverly, Lynn and Swampscott.”
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
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Sales Associate | Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers