Housing Inventory by Price in North Shore towns
While conventional wisdom holds that a market is in equilibrium between buyers and sellers when the current inventory represents 6 months of sales, that overall number masks major differences which occur at different price points.
The tables below show the position by price for Essex County overall and for Marblehead, Swampscott, Salem, Beverly and Lynn.
The table below breaks down supply at different price levels for Essex County overall.This shows that the dynamic between sellers and buyers changes as prices go above $750,000.
The only exception to the general trend here is in the $1-1.5 million bracket where supply is currently tighter than would be expected.
Supply remains tight all the way up to $1 million.
Supply remains tight at all price points.
Supply increases above $750,000.
Supply continues to ve bery limited.
Realtor, Sagan Harborside
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