NORTH SHORE – The single-family housing market over the last year showed signs of slowing in most categories except the price, which rose 1.5 percent from January of 2005 to this January.
Condominiums saw a dip in the median price from $481,500 to $459,900 last month.
“January reflects a steady start to the year on the North Shore,” said Lisa White, president of the North Shore Realtors. “While overall sales were down slightly compared to January 2025, inventory remains limited, which continues to support pricing, especially in the single-family market, where median prices are up 1.5% year-over-year.”
She attributed the slowing of the market to “buyers are adjusting to the current environment,” which includes stable interest rates.
White’s advice: Well-presented and strategically priced homes are continuing to move quickly and often with multiple offers and very attractive terms.
Housing data encompasses Amesbury, Beverly, Danvers, Essex, Georgetown, Gloucester, Groveland, Hamilton, Haverhill, Ipswich, Lynn, Lynnfield, Manchester-by-the-Sea, Marblehead, Merrimac, Middleton, Nahant, Newbury, Newburyport, Peabody, Rockport, Rowley, Salisbury, Salem, Saugus, Swampscott, Topsfield, West Newbury and Wenham.
The median price of single-family homes rose from $715,000 to $726,000, while the median price for condominiums dropped from $481,500 to $459,9000.
The North Shore housing market continues to be a super sellers’ market with inventory of homes low and dropping, according to the statistics provided by North Shore Realtors.
For single-family homes, there were 328 homes on the market a year ago, compared to 284 last month. The months of inventory was 1.2 a year ago, dropping to only one month. Experts consider four months of inventory to be a balanced market between buyers and sellers.
The condo market saw more inventory, rising from 205 units a year ago to 234 last month. The months on the market rose from 1.5 for condominiums to 1.7, a long way from being a balanced market.
This month marks the first time since March 2020 that average days a single-family home stayed on market for 50 or more. ♦
