Marblehead Q3 Housing Report: prices break through $700,000

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The median price of a Single Family Home (SFH) exceeded $700,000 for the first time in the third quarter. YTD the median price increased 7% to a new high of $656,000. With most of Q4 sales already under agreement, it is quite likely that the median price will exceed $700,000 for the second half of the year. Sales were down slightly YTD, a consequence of the low inventory all year.

Median Price
After a sequence in which the median exceeded $600,000 in 8 of 11 Quarters, the median price broke through $700,000 in Q3.

Marblehead Housing Market (more…)