South Coast Real Estate Market Recap August 2022
August 2022 – Anne Whiting Real Estate South Coast Real Estate Recap:
Curious what to expect if you’re buying or selling a home in the South Coast, MA real estate market today? We’ve compiled monthly market statistics so you can feel confident in your knowledge of the market, and make well informed decisions whether buying, selling or investing on the South Coast.
Is the South Coast Real Estate market still strong? Our data indicates it is! Compared to August 2021, both the average list and average sale prices on the South Coast are up over 10%. Even the average days on market are holding strong – you can expect to sell your home in an average of 34 days. In summary, housing prices remain strong and houses are still selling relatively quickly, despite rising interest rates.
So what has changed? Well, the price from sale-to-list ratio has slipped just a bit – anywhere between around 2-4% depending on which individual South Coast real estate market you’re looking at. On the South Coast you can still expect to receive or pay around list price, but the days of offering wildly over asking may be in the past.
Also, compared to August of 2022 the number of properties both listed and sold have decreased, meaning that less people have listed their homes compared to this time last year.
If you’d like to see the statistics specific to your town, we’ve broken that down for you as well. Just scroll through the images below to see what’s happening in your market.
All statistics were generated via MLS Pin.
This blog post was put together and written by AWRE Associate, Lauren Gonsalves.