FAST start to the 2020 real estate market in Plymouth, MA
We have had a fast start to the new year in Plymouth. Sales (year to date) are up 27% vs. this time last year. Also, this year’s sales totals are the highest of the last 5 years. Perhaps the milder winter with little to no snow has helped in this regard, however either way it’s a FAST start to 2020! Listings taken so far in 2020 are at a 5-year low; and total listings as of today (Feb. 4th) are at a 5-year low as well. Median Sale Price year to date is at a 5 year high at $403,500. This represents an 11% increase from this time last year.
With the low supply of listings (about 2 month’s supply of listings based on current absorption rate) combined with the high demand (as exhibited by the total sales year to date), right now makes for an excellent time to sell if you are in the market to do so.