State of the Market - Plymouth County, Massachusetts

[Charlie MacPherson]

The 1st Quarter numbers are in - these numbers compare January - March 2018 to the same period in 2017.

For sellers, it's more great news.  For buyers, not so much.

• Average sales price: UP 11.1%
• Number of homes for sale: DOWN 34.5%
• Days on Market: DOWN 6.4%
• Months supply: 1.9 months, DOWN 35.5%

In summary, there are a lot fewer homes on the market.  Those that are on the market, sell faster and sell for more.  Buyers are in a very competitive market and for properties that are priced reasonably, buyers will be facing multiple offer situations on a regular basis.

[Steve McGovern]

@Daniel Ortiz  Daniel,  the equivalents of the communities that Charlie listed in your (our) area are  Lowell, Lawrence, Methuen, Haverhill... and in my opinion, portions of Dracut, Billerica, and Pelham, NH.

PS-- @Charlie MacPherson, nice analysis.