Wednesday, January 29, 2014

Single Family Home Inventory in Beverly at 10 Year Low in Critical Market Segment

Single Family Home
The inventory of single family homes for sale in Beverly in the price range of $300,000 to $399,999 is at a 10 year low for January. 

Single family homes selling between $300,000 and $399,999 typically account for 30% or more of the total units of single family homes sold annually in Beverly. In 2013 it was 35% of total single family home units sold. How thin is the inventory in this critical market segment? As January draws to a close, there are only 2 single family homes in this price range actively on market; the average over the past 10 years for this point in time is 27.

Across all price points, single family home active inventory in Beverly is down significantly from this point last year.

If you have been thinking about moving and wondered if it was a good time to sell, now is certainly the time to call or stop in to your Beverly Coldwell Banker Residential Brokerage Office and speak with a residential sales and marketing specialist about the market value of your home.

Karen Fogarty

Coldwell Banker Residential Brokerage
50 Dodge Street, Suite 105, Beverly, MA. (978)927-1111

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