Here is this months market report showing trends for the Plymouth area.
Trends show median sale prices continue to drop in Plymouth but at a much slower rate than many other local cities.. The vast majority of sales in this area are foreclosures which are impacting on this number. Marketing times year to date have had a very small increase of just 14 additional days. Total inventory is down 12% and closed sales are slightly lower.
These numbers show that sellers not needing to sell are removing their homes from the market and that the foreclosure inventory is being consumed by the first time buyers in our market It may also show that there is still a slightly stable and stronger market in Plymouth which could possibly be related to due to being a desired location for people going through the relocation process.
If you are looking to buyer or sell a home or are looking for additional information or a free CMA, please contact us.
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