July 25, 2022 Massachusetts

Massachusetts Market Update - July

Market supply and inventory is on the rise and has surpassed the supply trends from 2021. Market supply is possibly on the rise due to the combination of the rapid market appreciation over the last 2 years along with the rise in interest rates. Over the last 12 years (since 2010) the average market supply has been 3.5 months. Even with the rise is supply we are still sitting at half of this average over the last 12 years. Surprisingly, although the supply and inventory has progressively increased over the last several months, the amount of properties sold has stayed constant. The sold inventory is a lagging indicator so this may change over the next couple of months, however, if this does not keep up with the rising inventory this may indicate weakening in the multi-family markets.