When will the Federal Reserve start cutting interest rates again? Probably in September, which can’t come soon enough for President Trump, who has berated and threatened Fed chair Jerome Powell for not already acting.
The question of when rates will be lowered hovers over the residential real estate market, here and across the country. A series of drops – probably a quarter of a percent at a time – will likely cause more homes to go up for sale, get potential buyers off the sidelines, and cause prices to rise more than they have so far this year.
But the Feds’ benchmark rate is not directly connected to the cost of a mortgage, so there is no guarantee that if regulators drop their benchmark by in September – as many economists anticipate – it will significantly drive down costs for borrowers, especially if home prices begin to escalate faster.
Inflation is a key reason why rates have yet to decline. July’s inflation report showed a slight uptick, which came as mild surprise given the concerns about the effects of Trump’s on-and-off tariffs.
Rates this year have fluctuated within a narrow range. As of Monday, a fixed-rate 30-year mortgage loan averaged 6.64 percent – the lowest it’s been since last year – according to Bankrate. A 15-year loan averaged 5.82 percent.
In Plymouth, the spring/summer real estate market has reflected the national holding pattern – call it stable or stagnant, depending on your perspective. There were 82 sales of single-family homes and condominiums in town last month, compared with 91 in June and 88 in May, according to real estate tracking firm the Warren Group. The average sale price was $676,752, and the median – which is a better gauge of the overall market – was $651,000.
From the vantage point of Leon Lopes, a veteran broker with Compass Real Estate in Plymouth, competition for desirable properties remains robust. Of the 82 sales in July, he said, 60 closed at or above the asking price. That shows that sellers – depending on the home and location – still have the upper hand.
“While some buyers are still waiting for interest rates to improve (slight drops in August),” Lopes said in an email, “those that are actively shopping for homes in Plymouth are still making strong offers and often still seeing competition from other buyers (meaning some multiple-offer transactions).”
It also means that inventory – the number of properties on the market – remains tight.
Here’s a listing of July’s transactions in Plymouth, from highest to lowest price. (The data come from the Warren Group.)
July 2025 Home Sales
7/25/2025 – 69 Woody Nook – $1,185,000
7/24/2025 – 33 Firefly Pt – $1,159,632
7/24/2025 – 46 Sandwich Rd – $1,090,000
7/23/2025 – 46 Sandwich Rd – $1,040,000
7/15/2025 – 253 Court St – $1,032,000
7/10/2025 – 37 Cliff St – $995,000
7/16/2025 – 5 Wrens Nest – $975,000
7/25/2025 – 16 Boatwrights Loop – $965,000
7/15/2025 – 28 Cranberry Farm Rd – $950,000
7/30/2025 – 11 Fairway Dr – $947,000
7/31/2025 – 6 Sawgrass Ln – $935,000
7/29/2025 – 9 Cobblestone – $925,000
7/11/2025 – 7 Bethpage Rd – $910,000
7/29/2025 – 12 Cliffside Dr – $900,000
7/31/2025 – 21 Blossom Dr – $860,000
7/8/2025 – 20 Bog View Rd – $856,000
7/8/2025 – 8 Azalea Ln – $854,000
7/17/2025 – 30 Monument Ponds Path – $835,000
7/11/2025 – 497 Long Pond Rd – $795,000
7/3/2025 – 38 Cottage Cv – $789,000
7/10/2025 – 50 Union St – $785,000
7/14/2025 – 88 Clifford Rd – $780,000
7/25/2025 – 25 Sanderson Dr – $775,432
7/11/2025 – 54 Sunflower Way – $769,900
7/24/2025 – 35 Tenderwood – $769,000
7/29/2025 – 9 Colt Ln – $745,000
7/3/2025 – 32 Cabot Cir – $740,000
7/31/2025 – 82 White Cliff Dr – $729,000
7/1/2025 – 47 Bowsprit Ln – $725,000
7/1/2025 – 65 Yale Ave – $710,000
7/30/2025 – 11 Red Leaf – $709,000
7/7/2025 – 92 Carver Rd – $685,000
7/25/2025 – 66 Brentwood Cir – $681,000
7/31/2025 – 16 Bruce Rd – $679,900
7/17/2025 – 2 Wildwood Rd – $679,000
7/2/2025 – 427-A&B Court St – $675,000
7/30/2025 – 23 Waterview Way – $670,000
7/3/2025 – 3 Winslow Ave – $665,000
7/15/2025 – 10 Nathan Ln – $660,000
7/1/2025 – 1 N Walnut St – $657,500
7/10/2025 – 47 Esta Rd – $652,000
7/31/2025 – 7 Jacqueline Ln – $650,000
7/22/2025 – 52 Beach St – $650,000
7/7/2025 – 38 Liberty St – $637,000
7/9/2025 – 8 Hutchens Mews – $636,000
7/18/2025 – 141 Herring Pond Rd – $635,000
7/2/2025 – 9 Meadow Glen Ln – $625,000
7/8/2025 – 59 Brigantine Cir – $620,000
7/9/2025 – 49 Dartmouth Rd – $615,000
7/22/2025 – 61 Esta Rd – $607,500
7/9/2025 – 17 Dyer Pass – $603,000
7/31/2025 – 76 Miter Dr – $599,532
7/1/2025 – 1 Hallorans Way – $597,500
7/7/2025 – 38 Davis St – $575,000
7/17/2025 – 1092 State Rd – $575,000
7/24/2025 – 8 Sanderson Dr – $575,000
7/2/2025 – 27 Boatwrights Loop – $550,000
7/30/2025 – 10 Anchor Dr – $550,000
7/25/2025 – 22 Sunflower Way – $550,000
7/25/2025 – 23 Guild Rd – $550,000
7/14/2025 – 17 E Wind Dr – $540,000
7/10/2025 – 69 Standish Ave – $531,000
7/31/2025 – 36 Provincetown View Rd – $525,000
7/3/2025 – 9 Pokonoket Rd – $520,000
7/7/2025 – 5 Oaken Bucket Ln – $520,000
7/23/2025 – 3 Stargaze Ln – $499,900
7/25/2025 – 22 Janet St – $495,000
7/1/2025 – 137 Beaver Dam Rd – $490,000
7/24/2025 – 1397 State Rd – $490,000
7/31/2025 – 9 Tupper Hill Rd – $483,000
7/25/2025 – 899 Long Pond Rd – $480,000
7/10/2025 – 16 Fathom Rd – $465,000
7/31/2025 – 16 Neds Way – $450,000
7/3/2025 – 15 Nathaniel St – $437,000
7/16/2025 – 4 Hillcrest Rd – $435,000
7/22/2025 – 32 Standish Ave – $435,000
7/29/2025 – 64 Black Cat Rd – $430,000
7/24/2025 – 99 Scarlet Dr – $410,000
7/21/2025 – 18 Valley Rd – $409,900
7/3/2025 – 8-R North St – $409,000
7/9/2025 – 42 Tupper Hill Rd – $399,000
7/10/2025 – 2 Marc Dr – $300,000
Mark Pothier can be reached at mark@plymouthindependent.org.