Plymouth home sales report for July 2013

86 single-family homes sold in Plymouth in July

• Up from 76 in June
  
  

The average

SALES price was $321,000, up from $319,000 in June

LISTING price was $330,000, down from $332,000

ORIGINAL price was $343,000

ASSESSMENT was $293,000

Average = total prices / number of homes. The average can strongly influenced by a relatively small number of high-priced sales from month to month

The median

SALES price was $295,000, down from $305,000 in June

LISTING price was $300,000, down from $316,000

ORIGINAL price was $325,000

ASSESSMENT was $283,000

Median = the home halfway down the list

The average

• number of days on market was 111, down from 113 in June
• price paid per square foot was $174, down from $181
• homes sold for about 93% of its original asking price
  
  

There are 343 single-family homes on the market in Plymouth today. Because there have been so many sales, there's now less than 4 months of inventory. 67 new properties came on the market in June,which doesn't quite replace the 86 homes sold.

Mortgage interest rates have moderated a bit and are trading in the 4 to 4 1/2 percent range.

In Plymouth, there are some great values for buyers, sometimes hidden amongst overpriced listings.

From a seller's perspective, only nine homes sold in their first week on the market, and only 28 in the first month. That follows last month's strong average price increases. So there is some concern on my part that sellers are overpricing their homes for the Plymouth market. That is, even though prices and sales are up, many other homes have been on the market for a long time.

Contact me to sell your home, or to arrange a private showing of any home for sale in Plymouth

View all the homes for sale in Plymouth at Plymouth Homes for sale

Numbers rounded to nearest thousand. The information contained in this Plymouth home sales report for July 2013, was taken from MLS Data run on 08/03/2013 and represents all single-family sales in Kingston from 07/01/2013 to 07/31/2013. It is deemed reliable but cannot be guaranteed. If you, as a seller or as a buyer, are currently under a written contract to use another broker exclusively then please disregard this notice.  It is not our intention to solicit other real estate broker’s clients. We are happy to work with them and cooperate fully. ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Employer. Equal Housing Opportunity. Owned and operated by NRT, LLC.