Marblehead housing market: “there’s nothing to buy”
If only the snow would shrink as quickly as Marblehead’s housing inventory.
Buyers are surprising active given the weather:
Source: MLS, Oliver Reports
While sellers appear to have hibernated: there are just 19 houses for sale currently under $1 million.
Source: MLS, Oliver Reports
With mortgage rates moving up from their recent lows, the activity already so far this year suggests there could be very strong buying activity this spring. If you are thinking of selling this could be a great opportunity.
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
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I am very happy we followed your advice last summer and did not put off our house search until the fall. Given the current market it is highly doubtful we would be able to get into Marblehead and it’s only been 7 months since we closed on our home.
Thank you! Glad it has worked out so well for you.