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Real Estate Inventory Hits Record Low

By Jim Morrison | Banker & Tradesman Staff | Jan 4, 2018 | Reprints | Print

Massachusetts’ real estate inventory has hit its lowest point since the MLS began tracking it in 1995.

As of Jan. 2, 2018, there were 11,225 homes on the market in Massachusetts, a decrease of 14 percent compared to the same day last year, when there were 13,023 for sale, reports Anthony Lamacchia, broker/owner of Lamacchia Realty.

Lamacchia attributed the dramatically low inventory to pent-up buyer demand that continues to absorb available inventory, rather than a decline in houses coming on the market.

B&T Daily