State of the Market - Plymouth County, MA
The 2019 1st Quarter numbers are out and there's some good news for both buyers and sellers.
BUYERS: Average sales price is slightly down (-0.3%). Perhaps prices are at or just past peak? Another couple of quarters and we'll know better
Inventory is slightly up (+1.7%) as is the "months supply" of homes on the market (+1.6%).
The percentage of original price received is down slightly as well. (-0.2%) so on average, there's a little more wiggle room in asking price.
Sellers: It is still a very strong seller's market with only 2.3 months of supply. Anything less than 6 months is considered a seller's market. Above 7 months is a buyer's market - and we can't even see that from here.
However, if prices are indeed at or just past peak, this might be the time to sell and cash out.
