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Halifax Real Estate Dynamics: Buyers & Sellers Take Note!

By
Real Estate Agent with Better Living Real Estate, LLC 9152684

Navigating the Current Market Trends

 

Introduction

 

Thinking about buying or selling a home in Halifax, Massachusetts? You're in for a treat! Let’s dive into the current real estate market and break things down, so you know what to expect. With some fluctuations happening, understanding these key metrics can help you make informed decisions.

 

What’s the Inventory Like?

 

First, let’s consider the Months Supply of Inventory. Right now, it’s at 1.75. This tells us how quickly homes would sell at the current sales rate. A figure under two months suggests a seller's market, meaning demand is high and supply is low. Buyers should move quickly when they find a home they like!

 

Change is in the Air: Inventory Trends

 

Now, let’s take a closer look at the 12-Month Change in Months of Inventory, which has seen a sharp increase of +80.41%. This big jump indicates that more homes are hitting the market compared to last year. While this may hint at a shift toward a more balanced market, it also presents some exciting opportunities for buyers.

 

Homes Are Selling Fast!

 

The Median Days Homes are On the Market is currently just 21. This speedy turnover shows strong demand. If you’re selling, you can feel good knowing buyers are eager to snag homes like yours. And if you're in the buying camp, moving quickly is key to snagging that perfect place.

 

Getting Close to Asking Price

 

Next up, the List to Sold Price Percentage is 99.8%. Homes are selling pretty close to their listing prices. Sellers, this means you’re likely pricing your homes right! Buyers, you’ll want to come in prepared, keeping in mind that homes here tend to sell near their listed prices.

 

Understanding Home Values

 

Finally, the Median Sold Price sits at $367,500. This figure offers a sense of the typical price range for homes in Halifax. Knowing this number can help both buyers and sellers adjust their pricing strategies.

 

The Bottom Line: Opportunities Await

 

In summary, the Halifax real estate market is currently somewhat favorable for sellers, with low inventory and quick sales. However, the increased inventory suggests potential shifts ahead. For buyers and sellers alike, staying informed about these metrics is crucial. When in doubt, working with a skilled real estate agent can be a game-changer.

 

Ready to Make Your Move?

 

Now’s the time to take action! If you’re looking to buy or sell in Halifax, don’t hesitate to reach out for more help. 

 

Posted by

 

Lew Corcoran
Licensed Massachusetts Real Estate Agent
Certified Listing Expert
Certified Real Estate Negotiator
RESA Certified Home Stager
Professional Real Estate Photographer
FAA Licensed Drone Pilot

Director, National Board of Directors,
Real Estate Staging Association (RESA)



Better Living Real Estate, LLC

15 Wall Street, #9157
Foxborough, MA 02035
O: (888) 877-8300
D: (508) 258-9658

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Comments(5)

Show All Comments Sort:
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Good morning, Lew... your Halifax market tracks with a number of our local markets in the Greater Charlotte area. It will be interesting to see how things panned out a year from now.

Jan 17, 2025 05:31 AM
Lew Corcoran

Thank you, Nina Hollander, Broker, for sharing that insight! It's fascinating to see the parallels between our markets, and I'm looking forward to seeing how both evolve over the next year.

Jan 18, 2025 11:10 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lew and good job on getting these figures out to us in the Rain and buyers and sellers.  

Jan 17, 2025 09:57 AM
Lew Corcoran

Thank you, Will Hamm! I'm glad you found the figures helpful for both buyers and sellers; providing valuable insights is always my goal.

Jan 18, 2025 11:11 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Lew Corcoran I like the way you did this market report, statistics plus a nice write-up

Jan 17, 2025 01:01 PM
Lew Corcoran

Thank you so much, George Souto! I truly appreciate your feedback and am glad to hear you enjoyed the blend of statistics and commentary in the report.

Jan 18, 2025 11:11 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lew, thanks for sharing this market update for Halifax MA, and looks like sellers have control.

Jan 18, 2025 10:11 AM
Lew Corcoran

Thank you, Roy! I'm pleased you found the market update valuable and insightful. It’s been a seller’s market for several years now.

Jan 18, 2025 11:12 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Lew:

This is certainly a thoughtful, informative and thorough analysis of the Halifax MA housing market that is sure to benefit both buyers and sellers. Those wishing to make buying and selling decisions in Halifax or elsewhere on the South shore would benefit greatly from your guidance.

Jeff

 

Jan 19, 2025 04:33 PM
Lew Corcoran

Thank you, Jeff Dowler, CRS, for your kind words! I'm glad you found the analysis helpful and believe it will aid those navigating the Halifax housing market.

Jan 20, 2025 01:44 PM