April 2021 Real Estate Update for Plymouth, MA

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Market Trends

April 2021 Real Estate Update for Plymouth, MA - Single Family Houses

 

Forsythias are starting to bloom around the south shore, a sure sign that spring has arrived!  Speaking of Spring, let’s take a look at the spring real estate market for single-family houses in Plymouth, MA.  

First, the housing inventory in Plymouth as of today… We have 43 Listings currently on the market, down from 145 this time last year (a 70% decline!).  In 2019 at this time, we had 215 Listings on the market.  Pending sales year-to-date are at 238, which is comparable to last year when we were at 249 pending sales, and 236 pending sales at this time in 2019.  Closed sales year-to-date are down to 151 from 194 at this time in 2020.  That is a 22% drop, which is really due to the lack of available houses to purchase.

The Median Sale Price for single-family properties in Plymouth is up to $462,000 so far year-to-date, up 13% from last year at this time when the Median Sale Price was $408,500.  This is being spurred on by high demand, ultra-low supply, and still historically low interest rates despite the fact that they have risen since 2020.  The market is so good for seller’s right now, the Median Sale Price as a % of List Price (and Original List Price) is 100%. 

That concludes a quick snap-shot of the Plymouth, MA real estate market as of early April, 2021.  We will continue to post updates as the spring and summer moves along.  Happy Spring!

 

plymouth, ma real estate home price trends

 

 

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