Inventory shortage in Melrose, MA. The latest on the real estate market in Melrose from RE/MAX Leading Edge.

1. RE/MAXLEADING EDGE
MONTHLY HOUSING REPORT MAY 2013
HOMES FOR SALE BY QUARTER
JAN-01-2004 - JUN-30-2013
MIN: 99(2013-Q2) - MAX: 532(2006-Q2)
58% LESS
Homes for Sale in
2013 vs. 2012!
MELROSE HOUSING INVENTORY SHORTAGE!
LOWEST AMOUNT OF HOMES FOR SALE IN OVER 10 YEARS!
SELLERS: Equipped with the proper game plan, sellers are finding success they haven’t enjoying in several
years. Many who tried to sell last winter are now finding their homes with open house attendance of 50+
people and beneficiaries of frenzied bidding wars.
BUYERS: Melrose home buyers find themselves frustrated in losing out on properties that sell within hours
of being listed on the MLS or falling victim to ineffective strategy on winning bidding wars.
Broker/Owner of RE/MAX Leading Edge, Linda O’Koniewski, explains, “Buyers value the unique sense of
community Melrose offers. It’s walkability along with public transportation and proximity to Boston make it
the new preferred choice amongst first-time buyers and empty nesters. Three years of ‘pent-up’ demand and
historically low interest rates has given buyers the confidence to boldly move forward at this time.”