March 2011Weymouth MA Real Estate Market Report

Weymouth MA Sold Single Family Homes  Sales statistics:

In March of 2011 there were 14 homes that closed within the month for Weymouth Massachusetts. This is a decrease of 13 units, as there were 27 homes that closed in March of 2010.

The Average list price for the homes that closed in Weymouth for March of 2010 was $321,225

The Average list price for the homes that closed in Weymouth for March of 2011 was $300,500

The Average sale price for the homes that closed in Weymouth for March of 2010 was $311,052

The Average sale price for the homes that closed in Weymouth for March of 2011 was $287,629

The Average Market time for the homes that closed in Weymouth in March of 2010 was 87 days.

The Average Market time for the homes that closed in Weymouth March of 2011 was 122 days.

Weymouth MA Single Family Homes Under Agreement:

There are 29 homes under agreement in Weymouth Massachusetts in the month of March. The average list price of the homes that went under agreement was $291,310. The average time on the market for these Weymouth MA homes was 116 days.

Weymouth MA Single Family Homes Sales Volume Year over Year:

In 2010 there were 344 Single Family Real Estate transactions in Weymouth. In 2009 there were 377 Single Family Real Estate transactions.

** The above statistics are for single family homes only and do not include condo’s or Multi-family homes in Weymouth Massachusetts.

In comparing year over year longer term data for Weymouth MA, there was a trend towards more stability in market values with month over month sales varying roughly 8%.  The longer term data is shows  more stability.  The average days on the market has crept up, but this can be attributed to the REO sales finally closing.

Weymouth 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 middle end of the market is showing some continued signs of price improvement, and properties are selling faster.

Below are market reports for other towns in the Weymouth area:

• Markets reports for Cohasset
• Market reports for Scituate
• Market Reports for Hingham
• Market reports for Marshfield
• Market reports for Hull

Selling a home in Weymouth 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 Weymouth 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 Weymouth Massachusetts, it pays to have a pro in your corner representing you.

When selling a home in Weymouth MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a successful broker or not!

About the author: The above Real Estate information about Weymouth MA Homes For Sale was provided by Bill Tierney, a highly respected name in real estate who covers the South Shore real estate market for William Raveis Real Estate. Bill can be reached via email at william.tierney@raveis.com or by phone at 617-653-1955. Bill has been a licensed real estate agent for over seven years.

Thinking of selling your home or condo? I have a passion for Real Estate and would love to share my marketing expertise! I specialize in leveraging today’s technology, such as social media, to maximize your home’s exposure.
For Massachusetts and Weymouth MA Homes for Sale and condos see Weymouth MA Real Estate For Sale.

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