Oliver Reports Massachusetts
The reliable, informed source for Marblehead and North Shore real estate news
Menu
  • About Me
  • Weekly Newsletters
  • Mortgage Rates and Economic Commentary
  • Property Taxes
  • About Marblehead
  • Market Reports
    • 2024 Market Reports
    • 2023 Market Reports
    • 2022 Market Reports
    • 2021 Market Reports
    • Marblehead
    • Swampscott
    • Beverly
    • Salem
    • Essex County
  • Boston
  • Massachusetts
  • The Luxury Market
  • Flood insurance

February Inventory as low as this weekend’s temperature

February 1, 2023 · by Andrew Oliver · in Mortgage and Finance News

Inventory usually starts the year low. While current levels may be above 2022’s extremes, they are well under half those of 2020.

Single Family Homes

Condos
Condo inventory has followed a similar pattern:

Mortgage rates (more…)

Marblehead house sells for 35% above list price

October 8, 2022 · by Andrew Oliver · in Essex County Housing News, Marblehead News

Housing market slowdown? Tell that to Marblehead buyers.
A house listed at $1.5 million just sold for a tad over $2 million.
And in the Third Quarter overall two-thirds of the 74 Single Family sales in Marblehead took place above list price with more than a quarter at 10% or more above list price.

Inventory in Essex County
A market is traditionally deemed to be in equilibrium between buyers and sellers when there is enough supply to meet 6 months of demand (I actually think that number has been reduced by the speed with which buyers now become aware of new listings and are able to view them online, but 6 months is still the most quoted figure).
Here are the numbers for Essex County SF homes as of October 1:

Comment
Mortgage rates have doubled, the stock market has swooned, there is increasing talk of recession, etc, etc. And yet, there is no sign that the imbalance between buyers and sellers in Essex County has changed in the slightest.
I find myself wondering whether the spike in mortgage rates will be the latest factor in keeping supply in check, as homeowners are reluctant to give up their cheap mortgage rates and pay current rates if they buy a new home. (more…)

Inventory starts 2019 continuing rising trend

January 5, 2019 · by Andrew Oliver · in Essex County Housing News, Market Reports

Inventory in New England is always low in the first few months of the year, but it is significant that it has increased Year-on-Year (YOY) for the last 7 months for Single Family Homes (SFH) and for the last 8 months for Condos.

SFH
Housing inventory

Condos
Housing inventory

Housing Inventory

Comment
While inventory has been increasing steadily for some months, in absolute terms it is still low. In tomorrow’s blog post I shall break down the supply by price in local markets.

Andrew Oliver
Realtor, Sagan Harborside Sotheby’s International Realty
www.OliverReports.com
617.834.8205

Essex County inventory continues to decline

September 2, 2017 · by Andrew Oliver · in Essex County Housing News

Total inventory of Single Family Homes (SFH) for sale on September 1 is down 13% from a year ago and by 33% compared with two years’ ago.

Essex County inventory

Source: MLS, Oliver Reports

SFH Inventory by price
Not surprisingly, the biggest declines in inventory are at the lowest price levels, but there are still significant declines up to $1 million. Only over $1.5 million have inventory levels been maintained.

Essex County inventory

Source: MLS, Oliver Reports

Median Price
Strong demand, low mortgage rates and low supply continue to drive prices upwards. The median price of a SFH in Essex County for the first 8 months of the year was $440,000, up 7.5% from the year 2016 figure of $409,000, the first time the median price reached $400,000.  Unless and until the supply position changes, and while the economy continues to grow steadily, there is no reason to expect a change in the formula which is driving prices higher.

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Are you thinking about selling? Read  Which broker should I choose to sell my house?

Please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

@OliverReports

Essex County inventory: where have all the sellers gone?

February 27, 2016 · by Andrew Oliver · in Essex County Housing News, Market Reports

During this mild winter, buyers have remained active, taking advantage of historically low mortgage rates, but Essex County inventory remains low.

While the end of February is low season for real estate sales in New England, some of the changes in inventory at different price levels are startling. I include a chart showing the overall numbers, followed by a breakdown by price, for both SFHs and Condos.

Single Family Homes (SFH)

Essex_SFH_Inventory_2013_16

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

Condos

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

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 [email protected].

Read Which broker will find the buyer for my house?

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

You can REGISTER to receive email alerts of new posts on the right hand side of the home page at www.OliverReports.com.

@OliverReports

Links

  • Simplifying the Market

Recent Comments

  • May Inventory shows no improvement - Oliver Reports Massachusetts on “Party on, dude” says the Federal Reserve
  • April Inventory shows little improvement - Oliver Reports Massachusetts on “Party on, dude” says the Federal Reserve
  • March Inventory shows no improvement - Oliver Reports Massachusetts on “Party on, dude” says the Federal Reserve
  • February Inventory as low as this weekend's temperature - Oliver Reports Massachusetts on “Party on, dude” says the Federal Reserve
  • November Inventory stays high - Oliver Reports Massachusetts on “Party on, dude” says the Federal Reserve

SEARCH_MLS Listings

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 786 other subscribers

Worth Reading

Which broker should I hire to sell my house?

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024

Categories

  • Beverly Housing Market
  • Boston
  • Boston housing market
  • By The Numbers Posts
  • Essex County Housing News
  • Florida real estate
  • Home maintenenance
  • Housing Inventory
  • Latest News
  • Life Style
  • Luxury Property
  • Lynn Housing Market
  • Marblehead News
  • Market Reports
  • Massachusetts Housing News
  • Mortgage and Finance News
  • National News
  • New Listings
  • North Shore housing market
  • Open Houses
  • Property taxes
  • Salem housing market
  • Swampscott Housing Market

Copyright © 2025 Oliver Reports Massachusetts

Powered by WordPress and Ascetica