Inventory : rising trend continues

The number of Single Family Homes (SFH) for sale in the 34 cities and towns of Essex County increased again in February, the 8th consecutive month of increase Year-on-Year. The first chart below shows January-June and the second one July-December:
Essex County housing market
Essex County Housing Market

It is the same story with condos, except that here the increase in February was the 9th consecutive month of Year-on-Year increases:
Essex County Housing Market
Essex County Housing Market

Translating inventory into months of supply is complicated this early in the year for two reasons: inventory is always low in the winter, as is sales activity. I will, however, write another post soon showing the current inventory by price for each of the towns and cities of Essex County.

Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
Tel: 617.834.8205

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