North Shore Housing Inventory: remains very tight at lower end

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The overall market remains tight on the North Shore, with very little supply under $500,000 and plenty of availability over $2 million.

Here is the overall position at the beginning of October, starting with Single Family Homes (SFHs):

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

While the market overall supply position is largely unchanged note that Ipswich, Manchester and Nahant have all tightened somewhat.

And now condos:

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

Most markets have eased slightly. Note that the jump in supply in Swampscott was caused by the listing of 8 units this week in a new development.

Here is a more detailed breakdown for SFHs:

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

and for condos:

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

 

This next table shows the overall inventory by price and the percentage of the available market in each price range:

Slource: MLS, Oliver Reports

Source: MLS, Oliver Reports

 

If you are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or [email protected].

Andrew Oliver is a Realtor with Harborside Realty in Marblehead.