Swampscott Q3 report: prices up, inventory well down

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For the first 9 months of 2015 the median price of a Single Family Home (SFH) in Swampscott increased 6% to $485,000. This is the highest figure since the exceptional $507,000 in the first 9 months of 2005. While sales held up quite well in the first half of the year the acute shortage of inventory started to make an impact on sales in Q3. The last table in this report graphically illustrated the decline in the number of houses for sale in the last two years.

In this report I will look at the Q3 numbers, the YTD numbers and also give a preview of where I think the year will end up.

Q3 median price

Swampscott SFH

Source:MLS, Oliver Reports

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