Your South Coast Real Estate Market Report for February 2025
Prepared for you by Bernadette Kelly Group Local leaders in real estate sales and rentals on the South Coast for over 20 years. ‘We make the South Coast home.’
Hello South Coast! As we finally see the days get longer and the temperatures rise, the real estate market shows some interesting signs of life. While February might have brought a bit of a slowdown, we’re seeing indicators that point towards a more active spring. Let’s dig into the latest data from the Massachusetts Association of REALTORS® (MAR) and our local observations to determine where things are headed.
A Tale of Two Trends
February 2025 presented a bit of a mixed bag. According to MAR data released on March 12, 2025, statewide we saw a decrease in median sales prices for both single-family homes and condominiums compared to January. This is important to note as it could be a positive sign for buyers who have been facing high prices for a while.
- For single-family homes, the median sales price dipped by 1.6%, and for condos, it dropped by 4.5%.
However, it’s not all about prices going down. When we look at the year-over-year picture for single-family homes, we see that the median price is actually up by 5.4%. So, while we saw a monthly decrease, the overall trend is still one of appreciation.
Local South Coast Dynamics
Here on the South Coast, we’re seeing some interesting local dynamics. As you can see from our market infographic, some towns are showing significant year-over-year gains in average price. For example, Wareham saw a substantial 46% increase in average price, and Marion also experienced a notable increase.
This local data, which includes Marion, Mattapoisett, Rochester, and Wareham, paints a picture of a market with unique town-by-town trends. While the statewide data shows a 0% change in closed sales for single-family homes year-over-year, our local data shows significant increases in closed sales in some towns, like Marion and Wareham.
Why the February Fluctuation?
The MAR press release points to a key reason for the February slowdown: the weather! Snowstorms and freezing temperatures likely played a role in deterring both buyers and sellers. Sellers were hesitant to list their homes, and buyers were less inclined to go out and search. This is a common seasonal trend in our region, and it’s why we often see a surge in activity as the weather improves.
Looking Ahead to Spring
The good news is that both MAR and we at BKG are optimistic about the spring market. As the weather warms up, we expect to see more sellers putting their homes on the market and more buyers actively searching. The decrease in median sales price, combined with the improving weather, could create a more favorable environment for buyers.
What This Means for You
- For Buyers: Don’t get discouraged by the ups and downs of the market. Now is a great time to start your search, and with more inventory expected, persistence will pay off.
- For Sellers: With increased buyer activity on the horizon, it’s a good time to consider listing your property. Make sure your home is market-ready to capitalize on the spring market.
We’re Here to Help
Navigating the real estate market requires local expertise and personalized guidance. The BKG team is here to help you every step of the way. We’re committed to providing you with the knowledge and support you need to make informed decisions.
Contact us today to discuss your real estate goals!
Are you interested in more detailed market information about a particular town or neighborhood? Please reach out anytime. I would be glad to prepare you a free, no-obligation market summary. Pick a time for us to chat here.
