1 in 48 Massachusetts Houses For Sale
According to the 2000 US Census, there were ~2.44 million owner-occupied households in MA. In January, the MAR reported an inventory of 51,122 homes for sale. That means that ~2.1%, or about 1 in 48 MA homes were for sale. No wonder "For Sale" signs seem to be everywhere you look.
By comparison, at the peak of the 80's market there were ~30,000 units for sale. By 1991 that number swelled to >44,000.
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1,634,451 Owner occupied units 2004.
2,649,029 units total.
Not all units for sale are owner occupied.
Not all units are sellable.
Far more than 3 of 100 units are currently on the market.
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