Number of Accepted offers Soars

The number of Accepted offers for SFHs in Essex County soared last week by more than 30% compared with the same week last year. This continued the strong, recent trend:

To put this recent trend into perspective, let’s look at monthly figures for 2020 compared with 2019:

and finally the current inventory numbers:

Comment
There is a tremendous demand for properties currently, but it is worth noting that overall Offers are still down some 15% for the year. A reasonable guess is that the market will remain active longer into the summer this year.

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

www.OliverReports.com
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“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, Sale, Beverly, Lynn and Swampscott.”