Essex County inventory: where have all the sellers gone?

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 Andrew.Oliver@SothebysRealty.com.

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

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