Residential Real Estate Inventory Hits Record Low, Driving Prices Higher 

| Print By Jim Morrison | Banker & Tradesman Staff | Oct 24, 2017 4

The number of single-family homes for sale hit an all-time low last month, according to the Massachusetts Association of Realtors (MAR). There were 14,519 single-family homes on the market in September, down 24.6 percent from last year, when there were 19,261 homes for sale, according to MAR. The organization said that represents 3.1 months of inventory and the 67th month of year-over-year decreases in inventory in the last 68 months. “We need to see more listings come on to the market to deal with these record inventory lows,” Paul Yorkis, 2017 MAR president, said in a statement. “These listings could come…

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