Market Insights

South Shore, MA Real Estate

The 2020 real estate market was one for the record books. The year began with unprecedented uncertainty due to COVID19 and the unknown risks associated with this pandemic. Most analysts predicted a slow spring market followed by brisk fall sales. What happened surprised even the most seasoned real estate professionals. As more people remained home, lifestyle requirements shifted. Buyers wanted properties which included home offices, outside spaces, and additional room for stay-at-home activities.  At the same time, sellers became hesitant to sell given such uncertain times. The upshot was a classic supply and demand scenario with more buyers than sellers. Low inventory and high buyer demand drove prices higher which precipitated fewer days on market.  In addition, a higher number of buyers from outside of the South Shore were looking to move into the area.  The year ended with record sales for Michelle Larnard Real Estate Group and a significant number of satisfied clients. 
     
What does the 2021 market look like?  The first quarter continues to bear out low inventory and high demand. We expect this will continue until sellers feel secure enough to sell.  

  • Sellers: For those who are thinking of selling, we believe this is the ideal time to list your property. Given the high demand from buyers, we will work with you to help them prepare their homes to achieve the highest price and smoothest transaction.  
  • Buyers: Now is an ideal time to buy as interest rates remain extremely low. The challenge however is to find and purchase your dream home. This is where our team will help. We work closely with our clients to find homes and position them as qualified buyers to achieve accepted offers.

Contact us for a market analysis on your home, community information, and market specific reports.

Cohasset, MA Real Estate

 

  2020 Q1
Units Sold

25

2021 Q1
Units Sold

26

Avg. Sales Price

$1,101,980 

Avg. Sales Price

$2,005,365

DOM

118

DOM

90

 

Hanover, MA Real Estate

  2020 Q1
Units Sold

27

2021 Q1
Units Sold

10

 


Avg. Sales Price

$564,600   


Avg. Sales Price

$717,010   

 


Avg. DOM

52


Avg. DOM

13

 

         

           

Hingham, MA Real Estate

  2020 Q1  
Units Sold

41

2021 Q1
Units Sold

42

 


Avg. Sales Price

$1,067,007   


Avg. Sales Price

$1,261,666   

 


Avg. DOM

101


Avg. DOM

66

 

         

           

Hull, MA Real Estate

  2020 Q1 
Units Sold

18

2021 Q1
Units Sold

22

 


Avg. Sales Price

$440,855   


Avg. Sales Price

$519,329  

 


Avg. DOM

107


Avg. DOM

38

 

         

           

Kingston, MA Real Estate

  2020 Q1 
Units Sold

28

2021 Q1
Units Sold

30

 


Avg. Sales Price

$451,112   


Avg. Sales Price

$614,896  

 


Avg. DOM

62


Avg. DOM

33

 

         

           

Marshfield, MA Real Estate

  2020 Q1
Units Sold

46

2021 Q1
Units Sold

42

 


Avg. Sales Price

$505,919   


Avg. Sales Price

$650,362   

 


Avg. DOM

104


Avg. DOM

31

 

         

           

Norwell, MA Real Estate

  2020 Q1
Units Sold

29

2021 Q1
Units Sold

27

 


Avg. Sales Price

$712,282   


Avg. Sales Price

$901,224   

 

2019
DOM

90

2020
DOM

38

 

         

           

Pembroke, MA Real Estate

  2020 Q1 
Units Sold

38

2021 Q1
Units Sold

38

 


Avg. Sales Price

$458,697   


Avg. Sales Price

$574,325  

 


Avg. DOM

75


Avg. DOM

55

 

         

           

Scituate, MA Real Estate

  2020 Q1 
Units Sold

58

2021 Q1
Units Sold

42

 


Avg. Sales Price

$661,821  


Avg. Sales Price

$808,562   

 


Avg. DOM

86


Avg. DOM

59

 

         

           

Weymouth, MA Real Estate

  2020 Q1
Units Sold

90

2021 Q1
Units Sold

79

 


Avg. Sales Price

$446,465   


Avg. Sales Price

$508,730   

 


Avg. DOM

33


Avg. DOM

18

 

         

           

* Data based on MLSPIN statistical reports.