Plymouth, MA market update - June 2021

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Market Trends

Plymouth, MA market update

Summer of 2021 is fast approaching!  The real estate story continues to be an ultra-low supply of homes for sale, and high demand.  

Total single-family homes listed for sale in Plymouth on June 3, 2021 are down 68% from this time last year on June 3rd.  Total Listings taken year-to-date are down 14% from this time last year.

Closed sales year-to-date are down 10% from this time last year, which is mostly due to the limited inventory available.  Median Sale Price, on the other hand, is up in Plymouth to $481,650 from $425,750 this time last year (a 13% increase).

Homeowners in Plymouth who have sold this year are continuing to get over 100% of their asking prices, statistically speaking.  As of today, the Median Sale price as a % of Listing Price is 102.06% (and 102.51% of Original List Price, go figure).

We will continue to keep an eye on the supply and demand factors.  Since Massachusetts has mostly gone back to “pre-pandemic living”, and prices are at record levels, more homeowners may be tempted to put their houses on the market.  Also, federally backed mortgage forbearance programs will eventually end, although they have been extended in some cases up to 18 months if you applied on time.  Plus, foreclosures of mortgages backed by the federal government are banned until July 1st.  Emergency programs like these, which are winding down, have helped keep the supply of homes for sale low as well.