Marblehead’s shrinking housing inventory

Somebody once said a week is a long time in politics. So also in real estate. A week ago the focus was on the limited inventory and the surprising drop in mortgage rates which was giving buyers another great opportunity.

This week the focus is on snow, snow and yes snow. Just imagine how bad these storms would feel today had not the Patriots won last night?

But we will adjust, and the low mortgage rates will still be out there to attract buyers. But what will they find available? First SFHs:

Source: MLS, Oliver Reports

The increase in the $1-2 million range is entirely between $1.5 and $2 million. And note the drop at the top end.

Are there condos for sale in Marblehead?

Source: MLS, Oliver Reports

If buyers brave the weather they will find little available. Take note sellers!

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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