Housing Market has improved and stabIlized
across the STATE!
As everyone has been aware, it has been a roller coaster ride for the real estate market in Massachusetts and across the country for about the last 10 years.
However, the South Shore home prices seem to have finally recovered.
Take a look at this chart showing median prices of some local south shore towns over the last few years:
| 2005 | 2012 | 2014 | |
| Quincy | $375,000 | $305,000 | $350,000 |
| Weymouth | $345,000 | $271,000 | $305,000 |
| Braintree | $385,000 | $330,000 | $340,000 |
| Holbrook | $324,450 | $225,000 | $232,750 |
| Hingham | $665,000 | $650,000 | $552,450 |
(With Hingham being the exception, however a few low-price sales can definitely affect the median outcome).
Median home prices for the South Shore homes in Massachusetts have risen for the last 19 months straight, according to The Warren Group, which stated by April, 2014 the median home price was at $315,000.
Foreclosures have also significantly decreased over the past two years!
It’s a good time to buy or sell, get into the market before the dreaded cold winter months come along!