Hull Housing Trends – A Market looking for direction?

Hull, MA is a glacial deposit that separates the southern end of Hingham Harbor from Massachusetts Bay.  It is a geographically unique piece of land that is by-and- large surrounded by water, leaving a good deal of homes with water views.  Almost everybody in Hull is within walking distance to the water.  And Hull has some of the best beaches on the South Shore to walk to as your destination.

Hull Homes for sale, average time on the market until a sale.

The Hull real estate market is looking for direction.  Some statistics show the market improving, some say we have yet to see a bottom.  Given what is happening in neighboring towns, perhaps opportunity is knocking on the door?  If this past January’s sales figures show anything, it is that Mr. Opportunity is in fact knocking on the proverbial door.  Last month we saw seven single family homes sell at an average selling price of $269,771 in and average selling time of 136 days.  This compares to January of 2010 were we saw the same volume of seven homes sell at an average selling price of $374,286 with an average time on the market of 354 days.

The take away here is that time on the market is decreasing, and volume is about flat.  But the market is interested in the lower priced homes.  And these homes appear to be finding buyers faster that in recent memory.  Perhaps it is only time before this activity only creeps up into the higher priced homes in town?

The average selling price for single family homes in Hull, MA.

Please let me know if I can answer any additional questions about Hull and its real estate market, or homes for sale in Hull.  I would be glad to be your resource, and I am simply a call, text, email, or ping away!

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