Charting Extreme Inventory Loss

David Bates / March 12, 2014-10:28 am

The Hub is losing massive amounts of modestly priced condo inventory.

The Hub is losing massive amounts of modestly priced condo inventory.

My recent post concerned the precipitous decline of modestly priced condos in the Hub. 

Check out these graphs (below) that chart the amount of modestly priced inventory in a variety of Hub neighborhoods over the last eight years. This timeline covers part of one of the greatest run up in values in local real estate history, the housing market crash, and the Boston real estate rebound. Yet, you will quickly notice that the charts I made look like repeated and feeble attempts to draw ski slopes. 

This, of course, reflects that the Hub’s inventory in this price range has been on consistent and steep decline for years. In fact, incredibly, some neighborhoods used to have available more than twenty times the amount of their current inventory. All the data comes from MLSPIN and the charts have purposely been ordered so that the Hub  neighborhood with the fewest amount of condos currently on-market in this price range comes up last. Can you guess the neighborhood? Also, how have neighborhoods that have been the stalwarts of reasonably priced condos been impacted? Check out the charts and find out.  I think you will be surprised at how the inventory has changed.