06/08/2026
North Shore Market Monday 🏡
Week of June 8, 2026
Summer is here, and the North Shore market continues to show strong momentum.
📊 This week:
✔️ Inventory continues to grow
✔️ Buyer demand remains steady
✔️ Coastal and luxury homes are leading the market
✔️ Mortgage rates dipped slightly to 6.48%
📍 Gloucester: Median price now about $800K with strong buyer activity
📍 Rockport: Coastal demand remains strong at $1.25M+
📍 Essex: Limited inventory continues to support pricing
📍 Manchester-by-the-Sea: Luxury buyers remain active heading into peak season
📊 Market Snapshot
Based on the latest available Cape Ann housing data:
* New Listings: ~24 in Gloucester during the most recent reporting period; inventory continues to expand across Cape Ann.
* Pending Sales: Homes are going pending in approximately 14 days on average in Gloucester.
* Closed Sales: 11 reported sales in the latest available monthly data for Gloucester.
* Active Inventory: Approximately 44–51 active listings in Gloucester, with inventory up significantly year-over-year.
Price Reductions
* Inventory growth and softer pricing trends suggest an increase in price adjustments, particularly among higher-priced homes that miss the market on initial pricing.
Thinking about buying or selling this summer? Understanding your local market can help you make the right move at the right time.
📞 978-290-3005
🌐 LisaRamosRealEstateSales.com
Coldwell Banker Real Estate LLC.