Housing Inventory increases again
The number of Single Family Homes (SFHS) for sale in the 34 cities and towns of Essex County, as measured on the first of the month and compared with a year ago, increased for the 3rd consecutive month in September. This date, of course, was just before Labor Day, and there has been a sharp jump in the number of SFHs for sale in the last few days.
The number of Condos for sale increased for the 4th consecutive month.
The percentage increases in the first few days of September was significantly greater in 2018 than in 2017, especially for condos. For both SFHs and Condos inventory is the highest in almost two years.
A later report will analyze the supply by individual city and town.
Sagan Harborside Sotheby’s International Realty
The North Shore’s only Sotheby’s International Realty affiliate