Marblehead house receives over 30 offers

Perhaps you are hoping that the housing market will slow down in the winter months, or that new inventory will help to meet the demand.

Well, as they say, not so fast.

A house was listed in Marblehead recently for $445,000. A Cape on an 8,600 sf lot overlooking a wooded area.

There were more than 30 offers submitted. Yep, 30.

This chart shows just how low inventory is currently.

The message remains: if you want to buy a house in this market, you must have at least a current pre-approval letter from a lender, and you must be working with an agent who will represent your interests.

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Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

Licensed Sales Agent in Florida

www.OliverReports.com
Andrew.Oliver@SothebysRealty.com

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

“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.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.”