New Bedford MA Multifamily Market Update - April

[Ian Hogan]

New Bedford Listing Inventory is performing well and does better than the previous year (minus the big swing in February). Sales are inching slightly but have stayed flat for the most part. This swing in inventory vs sales shows an increase in overall Market Supply. Since the start of the year the Sale Price vs List Price has swung up to 0% and has not surpassed on average. This will be a metric to watch as the year continues as one of the indicators for buyer competition.