Hingham MA Sold Single Family Homes Report for September 2012
In September of 2012 there were 19 homes that closed within the month for Hingham Massachusetts. This is a nominal increase in the amount of homes that sold in the same period a year earlier, as there were only 18 homes that closed in September of 2011. This shows an 5.6% increase in the sales volume of sold single family homes in Hingham, MA.
Hingham MA Sold Single Family Homes Prices Show Improvement
The Average selling price for Sold Hingham MA Homes for Sale in the month of September 2012 was $725,553 this is a 17.5% increase over the September 2011 Sold Hingham MA Homes for Sale that saw an average selling price of $617,583. The median sales price for the same period was also up 3.9% on average.
Hingham MA Real Estate For Sale Sees A Continued Downtick In Inventory
The inventory of Hingham MA homes for sale that remains on the market in September of 2012 is up 1.8% from 164 Single family homes for sale to 1167. Homes for Sale is down to 8.3 months of supply at the current sales rate. This is a slight improvement from the 9 months of supply the Hingham MA real estate market saw in the same period of September 2011. The current strong compelling interest rates continue to be a factor in the stronger market, and the continued demand has eased the amount of supply.
** The above statistics are for single family homes only and do not include condo’s or Multi-family homes in Hingham Massachusetts.
In comparing year over year longer term data for Hingham MA, there continues to be a trend towards more stability in market values and increased demand. The supply of homes on the market is decreasing as is common for this point in the market on a seasonably adjusted basis. The average sales price for single family homes continues to show price improvement, although not in this month to month comparison. First time home buyers and entry level buyer remain to be very active in the market finally taking advantage of some strong values that have been offered by sellers.
Hingham remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market. The average sales price remains constant, and well priced homes are selling quickly as is evidenced by the high list to sales price ratio. There remain some good buys at most price points and more so in both the waterfront homes and in some contemporary homes.
Below are market reports for other towns in the Hingham area:
- Markets reports for Cohasset
- Market reports for Scituate
- Market Reports for Weymouth
- Market reports for Hull
- Market reports for Marshfield
Selling a home in Hull Massachusetts or other South Shore Towns is heavily dependant on pricing your home properly and picking an agent that will create an “online market presence” for your home. As a home seller, you need to be aware that the market in Hull and many other South Shore communities has changed over the last five years. We are no longer in a seller’s market. When selling a home in Hull Massachusetts, it pays to have a pro in your corner representing you.
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