Essex County Condo Inventory plummets

The number of condos for sale in Essex County has dropped 26% from a year ago. Here is a town by town guide:

Essex Housing Inventory

Source: MLS, Oliver Reports

Comment
There have been 752 condo sales so far in 2017, which means that current inventory of 395 represents about 2 months of (winter) sales. As a market is though to be in equilibrium between buyers and sellers when there is 6 months of supply, the condo market in Essex Count is clearly a sellers’ market.

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 Andrew.Oliver@SothebysRealty.com 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

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