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

  2019 
Sales

122

2020
Sales

149

Overall
% Change 

22.13%

2019
Sales Price

$1,124,397   

2020
Sales Price

$1,390,912   

Overall
% Change

23.7%

2019
DOM

100

2020
DOM

76

Overall
% Change

24%

         

           

Hanover, MA Real Estate

  2019 
Sales

174

2020
Sales

183

Overall
% Change 

5.17%

2019
Sales Price

$586,377   

2020
Sales Price

$614,032   

Overall
% Change

4.72%

2019
DOM

50

2020
DOM

51

Overall
% Change

↑ 2%

         

           

Hingham, MA Real Estate

  2019 
Sales

267

2020
Sales

281

Overall
% Change 

↑ 5.24%

2019
Sales Price

$986,000   

2020
Sales Price

$1,123,568   

Overall
% Change

13.9%

2019
DOM

75

2020
DOM

56

Overall
% Change

25.3%

         

           

Hull, MA Real Estate

  2019 
Sales

158

2020
Sales

130

Overall
% Change 

 17.72%

2019
Sales Price

$521,170   

2020
Sales Price

$601,405   

Overall
% Change

15.4%

2019
DOM

68

2020
DOM

69

Overall
% Change

↑ 1.47%

         

           

Kingston, MA Real Estate

  2019 
Sales

212

2020
Sales

198

Overall
% Change 

6.6%

2019
Sales Price

$455,397   

2020
Sales Price

$495,574   

Overall
% Change

8.82%

2019
DOM

58

2020
DOM

53

Overall
% Change

 8.62%

         

           

Marshfield, MA Real Estate

  2019 
Sales

319

2020
Sales

315

Overall
% Change 

1.25%

2019
Sales Price

$518,407   

2020
Sales Price

$582,403   

Overall
% Change

12.34%

2019
DOM

68

2020
DOM

54

Overall
% Change

20.59%

         

           

Norwell, MA Real Estate

  2019 
Sales

164

2020
Sales

165

Overall
% Change 

↑ .61%

2019
Sales Price

$739,226   

2020
Sales Price

$832,901   

Overall
% Change

12.67%

2019
DOM

81

2020
DOM

61

Overall
% Change

 24.69%

         

           

Pembroke, MA Real Estate

  2019 
Sales

225

2020
Sales

232

Overall
% Change 

↑ 3.11%

2019
Sales Price

$445,873   

2020
Sales Price

$483,788   

Overall
% Change

8.50%

2019
DOM

62

2020
DOM

55

Overall
% Change

 11.29%

         

           

Scituate, MA Real Estate

  2019 
Sales

287

2020
Sales

342

Overall
% Change 

19.16%

2019
Sales Price

$726,060   

2020
Sales Price

$766,793   

Overall
% Change

5.61%

2019
DOM

79

2020
DOM

64

Overall
% Change

 18.99%

         

           

Weymouth, MA Real Estate

  2019 
Sales

542

2020
Sales

556

Overall
% Change 

2.58%

2019
Sales Price

$427,893   

2020
Sales Price

$479,486   

Overall
% Change

9.50%

2019
DOM

39

2020
DOM

32

Overall
% Change

 17.95%

         

           

* Data based on MLSPIN statistical reports.