July Housing Inventory and H1 Sales to List Price

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The inventory of Single Family Homes (SFH) has increased sharply since April , taking the level to its highest in 4 years:

On the other hand, while Condo Inventory has also increased significantly since April, the July level is little more than half the July 2020 number.

70% of Sales at or over List Price
In the first hald of the 2024, 12% of sales were at List Price and 60% over List Price, with Q2 showing higher numbers over List that Q1.

Mortgage rates
The 30-year Fixed rate Moretgage (FRM) has fluctuated around 7% for most of this year.

And read these recent articles:
The Federal Reserve’s Analysis Paralysis

Marblehead House sell for $1.2 million OVER List Price

My Property Tax reports mentioned at Town Meeting
Marblehead Q1 2024 Market Summary
Swampscott Q1 2024 Market Summary
Salem Q1 2024 Market Summary
Essex County Q1 2024 Market Summary
 Why Mortgage Rates will fall in 2024

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