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Plymouth County & Plymouth Town’s Housing Market Update Report of July 2018.
Hi, my name is Jay Patel from JayPatelRealEstate.com and I am coming to you from my home office in Plymouth, Massachusetts.
“How is the housing market doing?”, “Is this the right time to buy a house or is this the right time to sell a house?” Let me give you a first housing market update for month of July 2018, then I will compare to last year July 2017. I will also answer your questions, so please watch until the end.
In the month of July 2018, 988 homes were listed for sale and we had sold 806 homes. Average sale prices were $432k and average days on the market before going under contract was only 31 days. Right now we have 1,996 homes for sale and that is a 2 months’ worth of inventory. If we compare to last year July 2017, we had listed 65 more homes for sale. An average day on the market has gone down by 7 days and average sales prices are up only 1%. This report is for only Plymouth County and up to 4 family homes.
Now let’s take a look at Plymouth town. In the month of July 2018 we had listed 139 homes for sale and had sold 127 homes. Average sales price was $409K and average days on the market before going under contract was 33 days. Right now we have 350 homes for sale in Plymouth, which is a 2.5 months’ worth of supply. If we compare this to last year July 2017, we had listed 22 less homes but we had sold only 2 more homes. The average days on the market have gone down by 15 day and average sales price is up 12%. This report is for Plymouth town only and is up to 4 family homes, as well.
What does this report show us? This is still a sellers’ market and there are still lots of demand for homes. Right now is a great time to sell if you are looking to get top dollar. For buyers, there are fewer homes available to sell, however interest rates are still low so you are able to get more houses for your money. Interest rates are rising which means that you will not qualify for the amount that you qualify for today. If you are thinking to buy, this is the right time to act.
I will continue to keep you updated and if you have any questions or would like to know how much is worth today, please feel free to call or text me at 781-526-4760 or even email me at Jay@jaypatelrealestate.com, anytime. This home valuation is Free to you and yes there is no pressure, hassle or obligation.
Click on link to request Home Valuation for FREE…http://www.jaypatelrealestate.com/analysis.asp
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Check previous months Housing Market Update Videos on our Jay Patel Real Estate YouTube Chanel.
Thanks again and have a great day!
(0:12) – How is the real estate Market doing?
(0:15) – Is this the right time to sell a house? or Is this the right time
to buy a house?
(0:40) – Plymouth County housing market update
(1:41) – Plymouth Town housing market update
(2:41) – What does this report show us?
(2:57) – For Buyers
(3:28) Would you like to know how much is your home worth