Your South Coast Real Estate Market Report for December 2024

Prepared for you by Bernadette Kelly Group, Keller Williams Cape Cod & Colonial Partners. Leaders in real estate sales and rentals on the South Coast for over 20 years. ‘We make the South Coast home.’

New listings increased by 11.9% for singlefamily homes and by 21.2% for condominiums respectively from last December.

MAR data provided the following key indicators for November:
● The median sale price for single-family homes decreased by 0.6% to $626,000 and increased by 2% to $539,000 for condominiums from November to December.
● Since November, new listings have decreased 39% for single-family homes and by 29.7% for condominiums.
● Closed sales increased by 0.6% for single-family homes and by 0.5% for condominiums from November to December.

With closed sales increasing by 17.3% for single-family homes and by 14.7% for condominiums year-over-year, it’s an optimistic indication to sellers that buyer activity is still active this time of year, despite it being the holiday season.

“We are very encouraged by the year-over-year increase in new listings, as inventory has remained a challenge and one we will continue to navigate moving into 2025,” said Sarah Gustafson, 2025 president of MAR. “However, the increase in closed sales for both single-family homes and condominiums year-over-year are promising signals of strong buyer interest this time of year. We’re hopeful that as more sellers continue to join the market and new inventory becomes available, buyers will be well-positioned to pursue home ownership in the new year.”

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