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.