Your South Coast Real Estate Market Report for November 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.’
Closed sales increased by 3% from last November for single-family homes and decreased by .8% for condominiums. The increase in closed sales year over year is a promising indication for both buyers and sellers interested in entering a mobile market.
MAR data provided the following key indicators for November:
● The median sale price for single-family homes decreased by 1.6% to $635,000 and by 1.9% to $525,000 for condominiums from October to November.
● Since last month, new listings have decreased by 43.7% for single-family homes and by 45.8% for condominiums.
● Closed sales decreased by 7.6% for single-family homes and by 10.1% for condominiums from October to November.
“We expect new listings to experience a slight dip this time of year, as we head into the holidays, however, we’re hopeful of an increase in inventory in early 2025 as we continue to see market demand improve year over year,” said president of MAR “Buyers are active, and with the latest drop in new listings, sellers are well positioned to enter the market as we close out of the year.”
Are you interested in more detailed market information about a particular town, or neighborhood? Please reach out any time. I would be glad to prepare you a free, no obligation market summary. Pick a time for us to chat here.
