The National Association of Realtors pending home sales index (these are the homes under contract or sale is pending) rose 10% from a month earlier.  This was an increase from September 2011 to October 2011.  The big reason was and still is the low interest rates for a mortgage. 

Interesting comparison was showing the same statistics for Beverly, Salem, and Peabody.  These three towns increased the same 10% as the National Average. 

Check out our graph showing the pending home sales for September and October 2011!!

Check out our video on the real estate market as it compares statistics for Essex County and how it is similar and different then a couple of our most frequented towns in the area.  Single Family Homes are becoming much more affordable!!  12 houses under 250k in Beverly!!

http://youtu.be/7POem0QfJHE

As we have been indicating in our Housing Market Charts,  home prices on average are down approximately 4% across Essex County and that is consistent with the North East in general.  Home Sales are up from a year ago which is farily consistent with Essex County.  Some towns such as Beverly, Middleton, and Topsfield are up in both price and units.  Take a look at the National Assocation of Realtors stats for the entire United States.  Happy House Hunting!!

http://www.mortgagenewsdaily.com/11092011_home_prices_sales.asp

This Chart shows the Sales Activity for our Top 10 Towns as it relates to MULTI FAMILY HOMES over a 1 year span.

(November 2, 2010 to November 2, 2011)

This chart shows the sales activity for CONDOMINIUM SALES for a 1 years span (November 2, 2010 to November 2, 2011)

Market Statistics for our Top 10 Towns on the North Shore

Single Family Homes

(November 2010 to November 2011)