The North Shore real estate market in 2024 was similar to the strong seller’s market we experienced in 2023. Like 2023, inventory was low all year, market times were at record lows, and multiple offers were common, especially in the spring market. The already low number of detached single-family home sales went down by another 3%. The number of sales was lower than any year since 2011. The primary 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: 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 for 2021
The North Shore real estate market in 2021 was exceptionally strong. As compared to 2020, which was also a strong year, the number of detached single-family home sales went up by 12%, median prices went up 11%, and market times dropped 46%. The flight to the suburbs, which started in 2020, continued in 2021 and led to an incredible year for North Shore Sellers. Here are the Continue Reading
North Shore Market Report–3rd Quarter 2019
The number of North Shore homes sales in the 3rd quarter of 2019 was up 3% from the 3rd quarter of 2018. Market time was down 7%, and median prices were down 1%. Inventory in 2019 has gone up in some locations and down in others, but continues to be on the high side in most local suburbs, making it a competitive market. The market was strongest in the first half of the year and has slowed in the Continue Reading
North Shore Market Report: 3rd Quarter 2018
The number of North Shore homes sales in the 3rd quarter of 2018 was down 10% from the 3rd quarter of 2017. Market time was unchanged, and median prices were up 3%. Overall the market was been slowing down this quarter. Inventory in 2018 has gone up in some locations and down in others, but continues to be on the high side in most local suburbs, making it a competitive market. The market was Continue Reading
