The numbers show from July 2012 to July 2013, new listings in eastern Massachusetts’ 54 cities and towns rose 13.9 percent for detached homes and 11.3 percent for condominiums, while closed sales increased 16.1 percent and 18.6 percent, respectively.
The inventory of homes for sale plummeted to 2,615 — a 34.4 percent drop — and the time homes spent on the market until sold also plunged — by 41.8 percent — to just 47 days.
File under: Inventory blues
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Updated: January 2018