MLS has finished comprising the year over year comparison of the South Shore Single Family Home Market for March of 2009 compared to 2010.

Good News! The indications are that the market is rising nicely. The number of homes rose just over 19%. Volume is a great indicator of short term market health and great news for Buyers. More volume means more choice and more competition. Even more positive is a just over 10% growth in housing prices. Sellers love that end of the deal. As for the market itself, Higher prices bode well over a longer term for depth and strength of a recovery. These gains seem sustainable too. Over the first quarter, the quantity of homes on the market reached over 15.5%, while the pricing of those homes climbed almost 9%. Some of that may have been fueled by the Tax credit, but possibly not as much as you might think. Procrastination and other delays happen. In April, everybody’s under the gun, so deals have been closing and moving quickly. During the first quarter, everyone “had loads of time. The credit lasts until the end of April. Right”

As a result, I’ll bet April’s numbers are more highly influenced by the tax credit, push to close. The bottom line is things are looking really good for Real Estate sellers and buyers in Massachusetts South Shore.

Lew McConkey
Focused on Home Buyers and Sellers in Brockton, Abington, Whitman, Hanson, Halifax and East Bridgewater

Rosen Realty
(781)252-9789
Lewmcconkey@rosenrealty.com