As the season changes, so too may the real estate market’s balance. For the first time in years, leverage is shifting slightly in favor of buyers, even in housing-starved Massachusetts. There are several factors in play, but the big one is the cost of borrowing. A 30-year fixed-rate mortgage now averages 7.4%. At the same […]
Category: Real Estate Sales
Posted inReal Estate Sales
Nineteen homes sold for more than $1 million last month
This might not make for a gripping opening to a story, but the latest snapshot of the local real estate market is a mixed picture. August data show 123 homes sold in Plymouth, the same number as in July, according to Boston real estate tracking firm the Warren Group. The median price was $678,000, a […]
Posted inReal Estate Sales
Seventeen homes sold for more than $1m last month
It’s been a hot summer for real estate in Plymouth, at least when it comes to the weather. Between heatwaves and summer vacations, sales during this sultry season tend to hinge on the desirability and location of particular properties, not overall market conditions. In July, 123 homes changed hands across town, compared with 137 in […]
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More homes were sold in town last month, but inventory remains slim
The summer heat seems to have raised the temperature of Plymouth’s real estate market. Last month, 137 homes sold across town, a significant bump up from the 86 closings in May. That’s according to data from the Warren Group, a Boston-based real estate tracking firm. It’s difficult to pinpoint why so many more homes exchanged […]
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Plymouth home sales held steady in May
Stop me if you’ve heard this one before: The Plymouth real estate market last month yielded a modest number of sales while prices remained high. The May numbers are the latest in an extended low-inventory cycle partly caused by existing homeowners’ reluctance to part with historically low fixed-rate mortgages, as well as general jitters about […]
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Of the 87 homes sold in town last month, 43 went at or above asking price
If you’ve got the money or equity to hunt for a new home in town, expect to run into plenty of similarly minded people at open houses. While the cost of homeownership in Plymouth is rapidly catching up to some of its northern neighbors, higher prices are not deterring buyers of means. The most coveted […]
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There are 84 houses for sale in town. Thirty-seven are priced at $1 million or more.
This week’s cool temperatures are a reminder of spring’s fickle nature in New England. But to the relief of real estate brokers, weather doesn’t necessarily correlate with activity in the local housing market this time of year. It comes as no surprise that home sales in Plymouth rose last month following a frigid February. Sixty-two […]
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Just 42 homes sold in Plymouth last month
There’s no way to take the chill off this: Last month’s local real estate market was in a deep freeze. No, it wasn’t because of the February blizzard – the effects of that storm on home sale closings won’t show until April or May – but the snow and cold certainly didn’t help motivate people […]
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Cold, snowy winter adds an extra chill to the real estate market
As Mick Jagger once sang, “It’s sure been a long, cold winter.” And that’s not conducive to buying or selling a home. But people who are looking to cut a deal this time of year are generally “motivated” – they need or want to sell for a variety of reasons. So while there may not […]
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Will lower interest rates spark Plymouth’s real estate market?
Mortgage rates last week fell to their lowest level in more than three years, with 30-year loans averaging just over 6 percent and a 15-year note at about 5.4 percent. It’s a welcome turn for prospective buyers pacing the sidelines. Cheaper borrowing may also nudge homeowners who would want to move but have been reluctant […]