Key Data points that stick out: Monthly and year over year # of closed sales is down by a significant # for both SF and Condo. With rates and inflation limited supply / lack of inventory is keeping the prices up.
Single Family Homes Sold is down Year over Year 23.4%, and Condos Down 25.9% : This is because of a lack of inventory not a lack of demand. In my opinion if we had normal levels of inventory prices would c certainly go down due to less qualified buyers with rates 2-3% higher than same time last year. *
source for rates is:
https://www.freddiemac.com/pmms/docs/historicalweeklydata.xlsx
Click here for Middlesex country data:
All CURRENTLY active Single Families Avail for Sale In North Reading
[idx-platinum-saved-link id=”33818-9320″ title=”North Reading MA Homes for Sale” ]
