Plymouth, MA May 2020

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Market Trends

6/5/2020

Plymouth, MA Median Sale Price Trend  (10-year view)

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Let’s take a look at how 2020 is stacking up against the last 9 years in Plymouth as we just concluded May.   The Median Sale Price for single-family homes in Plymouth has risen to $425,000 (up 7% from 2019). 

Sales this May were down 22% from May of 2019 (58 sales vs 74 last year).  This was mostly likely due to the virus.  However, pending sales have been trending upward since May.

As mentioned before, as the months move forward, we will be able to better gauge the effects of the coronavirus on Real Estate prices and the real estate market in general.  The shortage of listings due to the health crisis is helping to fuel prices even higher.  Although sales were lower in May vs last May due to the virus, Demand is still strong.  Add in historically low interest rates, and you have a winning recipe for an upward price trend, and quick marketing times for homes priced right.

 

Plymouth Single Family Median Sale Price chart

 

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