Swampscott 2016 housing market: prices up, supply really low
In 2016 the median price of a Single Family Home (SFH) in Swampscott increased by $28,000, or 6%, to $488,000, a sharp recovery from the Great Recession lows but still 6% below the exceptional peak of $517,300 in 2005 (read What happened in Swampscott in 2005?). Sales dropped back, largely in the second half of the year, but the big story was the continuing shrinking of the number of homes for sale, which averaged only half the level of 2014.
Median price*
The first chart, with the numbers below, shows the median price for the two halves of the year and for the full year. But for 2005, 2016 would have represented a new high.
Source: MLS, Oliver Reports
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