Here is this months market report showing trends for the Plymouth area.
Trends show median sale prices are still showing signs of stabilizing in Plymouth when compared to the rest of the metro. The vast majority of sales in this area are still foreclosures which are impacting on this number. Marketing times year to date have had a very small increase of just 11 additional days over last years numbers. Total inventory is down 9% and closed sales are slightly higher. Signs still point to sellers pricing their homes higher than the market is willing to pay, but the numbers also show sellers are being are more likely to negotiate an offer.
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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