State of the Market - Plymouth County, Massachusetts

[Charlie MacPherson]

The 1st Quarter numbers are in - these numbers compare January - March 2018 to the same period in 2017.

For sellers, it's more great news.  For buyers, not so much.

• Average sales price: UP 11.1%
• Number of homes for sale: DOWN 34.5%
• Days on Market: DOWN 6.4%
• Months supply: 1.9 months, DOWN 35.5%

In summary, there are a lot fewer homes on the market.  Those that are on the market, sell faster and sell for more.  Buyers are in a very competitive market and for properties that are priced reasonably, buyers will be facing multiple offer situations on a regular basis.

[Charlie MacPherson]

@Daniel Ortiz  That is the smart strategy for the seller's agent, and it's one component of the formula I to help @Johnny Quilenderino to sell his SFR rental in Quincy at $59,600 over asking with a waived home inspection.  I just used it in Hyde Park to get another SFR under contract for my seller at $52,000 over asking.

I do get some off-market deals from wholesalers. Look in local REIA groups and call the numbers on bandit signs. Be prepared to show that you're serious about making a purchase.

There are lots of people - real estate agents included - who won't even call a newbie back, simply because so many are time wasters.