Spring in New England is right around the corner. The unrelenting snows have turned to unrelenting rains. The temps have soared from 0 to…above zero. Piles of snow so high it felt as if you were driving through a trench have melted to almost nothing. Birds are singing. Sun is shining, sometimes. Soon the grass will turn green and the Spring buds will bloom.
Already, as expected, Spring Real Estate Market is showing signs of waking up. The market istelf is still a bit shaky and uncertain. There’s a great deal of solid indicators that it’ll be a lively Spring, though. Personally, client traffic is picking up after a typically slow Winter. Mortgage rates are still amazingly low. Home builders are forecasting, with their own dollars spent, an increase in new home building. Most importantly, Unemployment is is dropping nearly as fast as new unemployment claims. That’s the real indicator of market health.
Checking out the specifics of the towns I specialize in: Whitman, Hanson, Brockton, Rockland, Abington, Pembroke, East Bridgewater, West Bridgewater, Easton, Weymouth, Braintree and Quincy MA., There’s a lot to be really positive about.
Indicative of the strategies followed by the Realtor & Seller/Buyer partnerships in each town, their strategies appear to be working well. Where home prices fell the sharpest, average time on the market dropped the most significantly and overall volume trends rose. Where home pricing held firmest, volume dropped…time on market soared, but most reached a selling price close to the listing price(94-98%). Some of the best news is in Brockton, our strongest local urban center. After a hideous streak of plummeting home prices and shocking volume decreases year over year, Brockton had only a tiny decrease in volume (just 3 properties) over last year in February 2011 and a tiny increase of time on market(just 16 days). Brockton has clearly taken advantage of lowering their For-Sale home pricing to make it an incredibly competitive and active marketplace. That doesn’t look that strong, but it’s impressive, considering Brockton’s 2010 track record. Also, It’s a strong forecast for the surrounding towns as well, which weathered the market downturn pretty well, all things considered.
In short, the Spring of 2011 is looking pretty good for the South Shore Real Estate Market. Have Fun! You know I will.
Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise! Contact me today for a market analysis of your house!
I service the following towns in South Shore MA: Whitman, Hanson, Brockton, Rockland, Abington, Pembroke, East Bridgewater, West Bridgewater, Easton, Weymouth, Braintree and Quincy MA.