Market Update Duxbury
We are half way through 2019... Taking a look at the MLS data for Duxbury Single Family Homes, it has been a Stable Market overall during the last year in terms of Median Sale Price. The Median Sale Price over the last 6 months is equivalent to the Median Sale Price for the prior 7-12 months. However, the last 3 months (Spring) did show a decrease from the prior 4-6 months (winter season). That being said, many spring pending sales have not closed yet, and its not a trend as of yet. Supply and Demand are in balance. The current absorption rate is 5 ½ months. Sales activity over the last year has been mostly stable with a decline during the winter season (prior 4-6 month time frame), which is typical. The Median Days on Market for sales during the last 3 months was 1 month (29 days), and the List to Sale Price ratio was 99%. Overall, a very healthy market.
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