This is the story around the country, and here on the South Shore, it's also true. Duxbury, where the average sale is over $600,000, is the only town in my service area of 13 towns where the number of sales is greater than the number of homes going on the market during the last few months. Sellers seem to be thawing out a little, coming out of their deep freeze into a somewhat "warmer" market, but this month, June, is likely to be one of the busiest months for closed sales in Duxbury … (3 comments)
Since January 1st of this year, Coldwell Banker has sold more listings and in a shorter time than either of the next two competitors. We are proud to continue to be the #1 firm in sales in Duxbury.
Contact me to sell your home or to arrange a private showing of any home for sale in Duxbury. To view more properties like this one, go to Duxbury homes for sale.
Based on MLS PIN statistics for all single family homes put under agreement between January 1, … (6 comments)
This report covers single-family homes in Massachusetts from January 1, 2013 through May 31, 2013. Comparisons are to the same time period last year. To summarize, year over year, the number of homes on the market is down a lot, and the number of months of inventory available for sale is down a lot. There have also been more homes sold this year, and they are selling at higher prices. The information contained in this Massachusetts Market Report: Single-Family Homes - through May 2013 report was taken from MLS data run on 06/06/2013 … (13 comments)
market report: Massachusetts Market Report: Homes over $1 million - through May 2013
- 06/06/13 10:25 AM
Massachusetts Market Report: Homes over $1 million - through May 2013 This report covers single-family homes in Massachusetts valued at $1 million or higher, and covers the time period from January 1, 2013 through May 31, 2013. Comparisons are to the same time period last year. To summarize, year over year, the number of homes put up for sale was up, but the number of months of inventory available for sale is down a lot. That is primarily because the number of homes under agreement (pending sales) and sold is up substantially. The average price of homes sold over $1 million … (0 comments)
55 single-family homes sold in Kingston, Pembroke and Marshfield in May. The average LISTING price was $354,000. (Average: total prices / number of homes) The median listing price was $330,000. (Median: the home halfway down the list) The average SALES price was $348,000. The median sales price was $320,000. The average number of days on market was 97. The average price paid per square foot was $205. Today, there are 267 single-family homes on the market in the towns of Kingston, Pembroke and Marshfield. That's less than 5 months of inventory, but 73 new properties came on the … (2 comments)
55 single-family homes sold in Cohasset, Hingham, Norwell and Scituate in May. The average LISTING price was $774,000. (Average: total prices / number of homes) The median listing price was $615,000. (Median: the home halfway down the list) The average SALES price was $741,000. The median sales price was $608,000. The average number of days on market was 119. The average price paid per square foot was $269. There are 391 single-family homes on the market in the CHiNS towns today. That's about 7 months of inventory, but 118 new properties came on the market … (6 comments)
39 single-family homes sold in Plymouth in May. The average LISTING price was $294,000. (Average: total prices / number of homes) The median listing price was $270,000. (Median: the home halfway down the list) The average SALES price was $283,000. The median sales price was $270,000. The average number of days on market was 129. The average price paid per square foot was $159. There are 338 single-family homes on the market in Plymouth today. That's a bit more than 8 months of inventory, but 104 new properties came on the market in May. With 39 sales in May, that means there's … (3 comments)
16 single-family homes sold in Duxbury in May. The average LISTING price was $650,000. (Average: total prices / number of homes) The median listing price was $520,000. (Median: the home halfway down the list) The average SALES price was $616,000. The median sales price was $485,000. The average number of days on market was 73. The average price paid per square foot was $249. There are only 83 single-family homes on the market in Duxbury today. That's very low, and puts a premium on quality homes for sale. It's a bit more … (2 comments)
market report: Housing report you need to see
- 05/24/13 06:59 AM
Just the facts. When I re-blog other peoples' content, it is because the information is very helpful. While we are certainly seeing an active market, with properly priced homes selling in a very short period of time, the short-term positives are tempered, in my mind, with some very significant longer-term issues. The "recovery" is biggest, in percentage terms, in certain markets that were very hard-hit. The recovery is from very low levels. If interest rates rise, buyers' purchasing power will dry up. If sellers start putting more homes on the market, that could slow or stop advancing price levels in … (3 comments)
Contact me to arrange a private showing of any home for sale on the South Shore. To view all the homes for sale on the South Shore, go to Homes on the South Shore. … (3 comments)
market report: Plymouth County Market Watch for the first quarter of 2013
- 05/02/13 02:26 AM
MLS PIN has published first quarter data on the Massachusetts housing market. I include the All County Overview for Massachusetts, as well as the Plymouth County Market Watch for the first quarter of 2013. In general, median sales prices are up, while the number of days properties are on the market are down, from the same quarter last year. The number of closed sales continues to increase, while the number of homes for sale is down substantially, to the point that there is less than a six-month supply of homes on the market.
… (0 comments)
market report: Home Prices Gain 9.3% in February 2013
- 05/02/13 01:11 AM
Just a quick counterbalance on the article below. News from the same name on the same day, but not reported the same way: SHILLER: Enough With The Happy Housing Talk -- House Prices Will Be Flat For 10 Years Many of the comments to the original post talk with similar and appropriate caution. Even if the recent price increases are evidence that the market has bottomed, which I suspect may be true, this is not -- in my opinion -- an unambiguously good picture. The good news depends critically on price bumps in the most depressed cities. In the medium view, it … (3 comments)
market report: Homes Sold in Duxbury during April, 2013
- 05/01/13 10:16 AM
13 homes sold in Duxbury during April, 2013. The houses that sold were on the market for an average of 63 days (see the column called DOM). The average sale price was over $581,000, which was 93% of the average last listing price and 92% of the average original listing price. Details about the particular homes sold are included in the table below.
To arrange a private showing of any home for sale in Duxbury, contact me. To view all the homes for sale in Duxbury, go to this list of Duxbury Homes for Sale. The information contained in the table … (0 comments)
market report: Home prices are up strongly in markets with best JOB growth
- 05/01/13 03:16 AM
If you've been reading my blog the last couple of months, you know that I've applauded the appearance of "hot" real estate markets in many metro areas, but cautioned that continued growth is going to require real job growth. Now comes a USA Today article that shows that home prices are up strongly in markets with best job growth. This is good news for those local economies. Let's hope that the job growth is in sectors outside the housing industry, and that the job market recovery becomes stronger and more widespread. It would be very good news if job growth were … (2 comments)
market report: For Third Week, Mortgage Rates Sink Lower
- 04/19/13 06:46 AM
From the National Association of Realtor's RealtorMag, here's an update on average fixed-rate mortgage rates for the past week, as compared to earlier periods. Pundits have been telling us that rates are super low (that's true) and are going up (that's speculation) and that we should take advantage of these rates now (which is good advice if we're buying anyway, just like using coupons for things we would buy anyway at the grocery store). Remember, lenders are SELLERS of mortgages, and they want to do more business this month, no matter what reason they have to give buyers to … (2 comments)
market report: South Shore Sales and Median Prices for selected towns, March 2013
- 04/12/13 08:21 AM
Here's a brief summary market report showing South Shore Sales and Median Prices for selected towns, and comparing March 2013 with the same month last year. In summary, sales were down year-over-year in a month that was shortened by a massive blizzard, while sales prices were up slightly. As you've undoubtedly heard in the news, there are urban metropolitan markets across the country with low numbers of homes for sale ("inventory", in Realtor jargon) and lots of buyers, and this is forcing prices up substantially. Our area is more typical of the rest of the country, where markets are not as overheated … (6 comments)
market report: "We are not creating another housing bubble"
- 04/09/13 02:05 AM
In another episode of "How the Talking Heads Skew the Facts" with rumors, exaggeration and ear-candy headlines, here's an economist saying, "We are not creating another housing bubble" because inventories are likely to rise soon and prices are still low relative to 2005 almost everywhere. Like lawyers, no economist can work alone: there's no business to be done until there are two in town. Still, since Sharga is talking about what I've been saying, I'll give him my pulpit for a moment, and let me let him speak for himself.
market report: Will the bubbles spread, becoming a national frenzy?
- 04/06/13 06:54 AM
A week or so ago, I wrote, "Will prices skyrocket if rates stay low for two years?, in which I suggested that home price increases can't outpace economic growth for very long under current conditions. Kathy Streib wrote me, asking, Brad- I'm concerned that we'll head towards the buying frenzy that got us into this. Your thoughts? My reply is, Kathy, I think the hot-market buyers are putting themselves at risk. If the economy grows, people who are paying 2005 prices now could get hurt by higher interest rates as consumer purchasing power shrinks. If the economy fails to grow in hot housing … (7 comments)
market report: Improving housing markets nationwide
- 04/04/13 02:09 AM
Here's a great chart showing the lay of the land for improving housing markets nationwide through the beginning of April, 2013. As the text below describes, the number of improving housing markets nationwide is steady in April, following seven consecutive months of gains.
Text of the article "Number of Improving Housing Markets Steady in April", from the National Association of Home Builders' blog, Eye on Housing Following seven consecutive months of gains, the list of improving U.S. housing markets remained virtually unchanged in April, with 273 metros on the National Association of Home Builders/First American Improving Markets Index (IMI). After a … (2 comments)
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High-priced Zip Codes have Low Inventories
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