Last year at this time my market report showed record breaking statistics for North Shore single family home sales as the market in 2023 was exceptionally strong. This year the market has again been exceptionally strong in the first half of the year. In fact, the average market time dropped to just 42 days. Median prices went up 11% this year after significant rises in 2 of the last 3 years. Continue Reading
North Shore Market Report: 1st Quarter 2024
The number of home sales in the North Shore in the 1st quarter of 2024 decreased by 8% as compared to the 1st quarter of 2023. The median sale price was up 12%, and the average market time decreased 21%. As was the case in 2022 and 2023, it has again been a strong Sellers’ market in 2024. Here are the statistics: Number of Homes Sales Average Market Continue Reading
North Shore Market Report for 2023
The North Shore real estate market in 2023 was similar to the unprecedented market we experienced in 2022 in a number of ways. Like 2022, inventory was low all year, market times were at record lows, and multiple offers were common, especially in the spring market. On the other hand, as compared to 2022, the number of detached single-family home sales went down by 22% which is a sharp drop. The Continue Reading
North Shore Market Report: 3rd Quarter 2023
The number of North Shore homes sales in the 3rd quarter of 2023 was down 14% as compared to the 3rd quarter of 2022. Market time was up 25% and median prices were unchanged. Overall, it was another strong quarter for North Shore home sellers. While the number of sales was down, that was due to the very small inventory. Last year’s record low market time went up to 40 days, but that is Continue Reading
North Shore Market Report: 1st Half of 2023
Last year at this time my market report showed record breaking statistics for North Shore single family home sales as the market in 2022 was exceptionally strong. This year the market has again been exceptionally strong in the first half of the year. In fact, the average market time dropped to just 49 days. Median prices went up 2% this year after large rises the last 2 years. However, the number Continue Reading
North Shore Market Report: 1st Quarter 2023
The number of home sales in the North Shore in the 1st quarter of 2023 decreased by 37% as compared to the 1st quarter of 2022. The median sale price was down 4%, and the average market time decreased 6%. As was the case in 2021 and 2022, it has again been a strong Sellers’ market in 2023. Here are the statistics: Number of Homes Sales Average Continue Reading
North Shore Market Report for 2022
The North Shore real estate market in 2022 was unprecedented in many ways. As compared to 2021, the number of detached single-family home sales went down by 25% which is a sharp drop, but given that 2021 saw an all-time high number of sales, the 2022 number was about average. Market time on the other hand went down by 28% to create a new all-time low of 47 days, and median prices went up 9% Continue Reading
North Shore Market Report: 3rd Quarter of 2022
The number of North Shore homes sales in the 3rd quarter of 2022 was down 33% as compared to the 3rd quarter of 2021. Market time was down 27% and median prices were up 10%. Overall, it was an exceptional quarter for North Shore home sellers. While the number of sales was down 33%, that was due to the small inventory. Last year’s record low market time went even lower, and prices went Continue Reading
North Shore Market Report: 1st Half of 2022
July 8, 2022 Dear Friends, Last year at this time my market report showed record breaking statistics for North Shore single family home sales as the market in 2021 was exceptionally strong. This year the market has again been exceptionally strong in the first half of the year. In fact, the average market time dropped another 37% to just 52 days. Median prices went up 8% this year after a Continue Reading
North Shore Market Report: 1st Quarter of 2022
The number of home sales in the North Shore decreased by 7% in the first quarter of 2022. The median sale price was up 9% and the average market time decreased by 31%. The strong seller’s market that we saw in 2021 has continued into 2022. Here are the statistics: Number of Homes Sales Average Market Continue Reading