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Hingham home sales report for July 2013
Hingham home sales report for July 2013
33 single-family homes sold in Hingham in July
down from 35 in June  
The average
SALES price was $720,000, down from $758,000 in June
LISTING price was $739,000, down from $783,000
ORIGINAL price was $ 756,000, down from $799,000
ASSESSMENT was $632,000, up from $584,000
Average = total prices / number of homes. The average can be strongly influenced by a relatively small number of high-priced sales from one month to the next
The median 
SALES price was $650,000 up from $645,000 in June
LISTING price was $650,000, up from $639,000
ORIGINAL price was $650,000, up from $639,000
ASSESSMENT was $603,000, up from $520,100
Median = the home halfway down the list

The average
number of days on market was 43, down substantially from 81 in June price paid per square foot was $313, down from $316 home sold for about 95% of its original price
There are 106 single-family homes on the market in Hingham today. That's only 3 months of inventory, and only 17 new properties came on the market in June. With 33 sales in June, that means there's even less inventory now than there was at the beginning of the month.
Mortgage interest rates have moderated a bit and are trading in the 4 to ... more

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