Plymouth is currently tilted toward sellers, with the market gauge showing a seller’s market. Months of supply sit at 2.5, which is well below what’s considered balanced. Homes are also moving quickly, with a median of just 11 days on the market in this rolling three-month view.
Looking at pricing, the typical home value over the latest three months is about $508,000, down slightly from a year ago even as list prices have eased a bit year over year. At the same time, competition for desirable homes is clear, with about 61 percent of recent sales closing above the list price and an average sale-to-list ratio a little over 102 percent.
Activity has shifted in interesting ways compared with last year. New listings are up year over year, giving buyers somewhat more to choose from, but homes sold and pending sales are down, suggesting some buyers may be pausing or being more selective. Inventory has grown compared with a year ago, yet it is still low enough to keep conditions in sellers’ favor. With so many moving pieces in the Plymouth market, both buyers and sellers can benefit from an Agent Pronto recommended real estate agent to help them navigate their next move.
