Inventory check in: On the up?

The short answer is: yes, single family housing inventory is up, but not by a large margin.

Here below is a pull from MLS of single family listings as of May 6th, 2024 and how this year, so far, compares to last. You’ll see that current inventory is up ever-so-slightly over last year in all 4 of the counties we focus on. Mostly list and sale prices are up, offers are coming faster, and prices are largely all just over the list price.

It’s important to note that these numbers are focused on the single family market (we’ll do condos next week) and given the sample size of each county, it’s won’t necessarily be reflective of any specific market. If you’d like to drill down into specific towns, zip codes, or even neighborhoods you’ll have to contact your local Realtor (hint, hint) for specific details.

Rain come soon?

We’re still miles from the inventory levels from a decade (or even 5 years) ago, but it’s promising, given the rising interest rates, that there’s enough activity to keep the market moving. We hope, for the sake of all the buyers out there, that the inventory levels continue to grow so the market will be a little less competitive than it is today. We’re not as worried about the sellers since we seem to be, metrically speaking, still many market shifts away from anything close to resembling a buyers’ market.

As always, consider the Boston Home Team to be your best and most informed source for market data and intel on the local Real Estate market. We’re annually one of the top, top listing teams in our area, and our buyer representation is unparalleled, so don’t hesitate to contact us anytime to address almost any of your real estate needs.

''