The weather’s warmed up, but how about the local real estate scene? Don’t sweat it – the May numbers are in, and it looks like the temperature is rising. While one month it doesn’t mean a market heatwave is upon us – demand still outstrips supply – the increased buzz might be an early sign […]
Category: Real Estate Sales
Posted inReal Estate Sales
Take a look at the latest Plymouth home sales numbers
April is the month when the weather’s supposed turn milder and the real estate market heats up. Both things happened – to a degree – but buying and selling homes in Plymouth, as in most communities around the state, continues to be challenging. With inventory ever-tight, year-over-year sales remained essentially stagnant – 67 homes were […]
Posted inReal Estate Sales
Plymouth’s spring housing market struggles to bloom
The spring housing market isn’t what it used to be – meaning pre-pandemic days – but there was a fair amount of activity locally last month despite chronically depleted inventory, according to the latest figures from real estate tracking firm the Warren Group. There were 53 sales of single-family homes and condominiums in Plymouth during […]
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‘Plymouth real estate remains hot’
The spring housing market, traditionally pitched by the real estate industry as a “great time” to buy and sell – isn’t it always? – is upon us. That angle has dulled somewhat in recent years with the number of homes for sale dwindling amid ever-rising prices, but the season still matters and serves as a […]
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January freeze: Just 38 properties sold in town last month
January isn’t exactly prime time for buying or selling a house, for obvious reasons, one of them being the weather. (Are you ready for the predicted weekend storm?) Nonetheless, there are buyers and sellers out there, with the latter still holding the advantage because of stubbornly low inventory. At the same time, many Plymouth homeowners […]
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There were more than 100 property sales in town last month
December brought some gifts to local real estate agents in the form of healthy sales numbers – 108 Plymouth properties exchanged hands last month. The news was good for sellers, too. The average sales price (a combination of single-family homes, condominiums, and lots) was $638,000. Nine sales topped $1 million. For buyers, high prices are […]
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Want to know what your neighbor’s home sold for?
This story is repetitive, but it nonetheless holds true – Plymouth’s housing market is tight. Sales typically start to slow with the arrival of winter, but there are other factors at play here. Would-be sellers carrying mortgages are reluctant to trade a rock-bottom fixed rate for a higher one. Uncertainty over what the incoming administration […]
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Here are the latest numbers on Plymouth’s housing market
The same old story line held true for Plymouth home sales in October – inventory remained relatively low, and prices were high. But the real headline involves interest rates. Even though the Federal Reserve earlier this month lowered its benchmark rate for the second time this year (that’s the rate banks charge each other for […]
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Take a look at September’s home sale numbers in Plymouth
This isn’t what real estate pros and prospective buyers were hoping for. Despite the Federal Reserve’s half-point cut in its benchmark interest rate last month, mortgage rates remain stubbornly high. They did initially dip – to a two-year low – but the decline did not last. Rates have been steadily climbing again, and this week […]
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Fourteen homes sold for over $1 million in Plymouth last month
Interest rates continue to drop, with a 30-year fixed rate mortgage hovering just above 6 percent, and a 15-year loan averaging about 5.2 percent. It’s unclear how much more they will fall after the Federal Reserve earlier this month cut its benchmark rate by half a percent. The Fed’s cut doesn’t directly translate to mortgage […]