Housing Inventory really has fallen sharply

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We know, in general, that housing inventory has dropped sharply in recent years. The following 4 charts show the detail: the first two for Marblehead, Swampscott, Salem, Beverly and Lynn; and the last 2 for Essex County and Massachusetts as a whole, for both SFHs and Condos.

Marblehead, Swampscott, Salem, Beverly and Lynn
inventory

Inventory

Source: MLS, Oliver Reports

Essex County
Inventory

Massachusetts

Source: MLS, Oliver Reports

Comment

While startling in themselves, the numbers may actually be worse than they appear for buyers at lower price points. The numbers shown are for the overall market, but there is and has been more inventory at higher price points, meaning that at lower price levels inventory is even scarcer.

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Are you thinking about selling? Read  Which broker should I choose to sell my house?

Please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

@OliverReports

 

 

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