Methodology
This is a year over year report for single family home listings and sales in Weymouth, Massachusetts and was generated using publicly available information on the MLS. The full data is shown as an image below.
Weymouth Real Estate Market Listing Activity
There have been more listings in Weymouth year to date than in the previous year. There have been 272 listings taken this year as compared to 221 listings the year prior. This represents an increase of 13%, which checks out with broader greater Boston stats of increasing inventory. 242 of those listings have gone “pending” - meaning they have an offer accepted and/or purchase and sale agreement signed - this year as compared to 215 the year prior.
The average list price of single family homes in Weymouth for sale has increased by 5.8% from $601,000 to $636,000. This is a strong sign of Weymouth’s resiliency as a real estate market, as prices continue to rise despite rising inventory.
Sales Activity
Sales activity in Weymouth tells an arguably even more compelling story than the listing activity.
201 listings have sold to date, compared to 182 during the same period last year. This represents a 10% increase in sales volume. The average days on market and average days to offer have declined 16% each, and average sales price per square foot has increased 6.5%.
This further highlights the resiliency and strength of the Weymouth real estate market.
Conclusion
As an agent I particularly look out for total number of listings, days on market, and average sales price per square foot. All three of these metrics are in the green for Weymouth when compared to the previous year, despite the fact that inventory has risen.
When inventory rises, one would normally expect the days on market to increase and average sales price per square foot to decrease. This is not the case with Weymouth right now.
Are you looking to buy or sell in Weymouth? I would love to set up a conversation to chat more about how I can secure you the best price and terms for your transaction by leveraging my expertise on the Weymouth real estate market.
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