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 […]
Category: Real Estate Sales
Posted inReal Estate Sales
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 […]
Posted inReal Estate Sales
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 […]
Posted inReal Estate Sales
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 […]
Posted inReal Estate Sales
No surprise: Pinehills deals topped November home sales
As the town seeks to fend off a looming budget crunch, November’s home sales numbers serve as a reminder of why Pinehills taxpayers are so important for Plymouth’s fiscal stability. Of the eight sales that topped $1 million last month, six were in the upscale neighborhood that collectively is the town’s largest source of tax […]
Posted inReal Estate Sales
Plymouth home sales ticked up in October
With the approach of winter, home sales go into semi-hibernation. At least, that’s what has happened historically. But in recent years the market – like winter weather – has defied traditional patterns. With demand outstripping supply, prices rising, and many homeowners staying put because they’re reluctant to forfeit a super-low mortgage rate, predicting market trends […]
Posted inReal Estate Sales
More – but still not enough – homes are on the market in Plymouth
The local real estate market is sending mixed messages. So what else is new? More homes are going on the market in Plymouth, and it’s taking a bit longer for some of them to sell. But at the same time, of the 89 sales in September, more than half – 53 – closed at or […]
Posted inReal Estate Sales
Fifteen Plymouth homes sold for more than $1m last month
I always have the same reaction to the monthly home sales figures for Plymouth: Thank God I’m not trying to buy my first house or condo. Consider that of the 95 closings in August, 15 went for more than $1 million. That compares with 82 total sales in July and is similar to the figure […]
Posted inReal Estate Sales
Plymouth home sales remained flat in July
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 […]
Posted inReal Estate Sales
Plymouth’s real estate market remains stuck
This summer’s local housing market isn’t as hot as the weather. Just three more homes were sold in June than in May – 91 compared with 88, according to the Warren Group, a regional real estate tracking firm. Both numbers are far below the last peak in 2019, even though inventory (the number of properties […]