With all the chaos in the news lately, it’s easy to feel unsure about what’s actually happening in the housing market. So let’s hit pause on the headlines and take a look at the real story—right here in Plymouth County.
🔻 Home Sales Are Slightly Down—But It’s No Crash
Closed home sales have dipped by 2.2%. Now, before anyone hits the panic button—that’s not a market crash. It’s more of a slowdown. Interest rates remain elevated, and with limited inventory, there just aren’t as many homes changing hands.
📈 Prices Are Still Rising (Yes, Really)
Here’s the surprise most people aren’t expecting: Home prices are actually up. The average sale price in Plymouth County has increased by 6.41%. That’s a solid jump, and it’s being driven by strong buyer demand and a low number of available homes.
🏠 Foreclosures Are Down (A Lot)
For those worried the market is on the verge of collapse—good news: lender-owned (foreclosure) sales are down a whopping 43%. That’s a clear sign that, despite inflation and higher borrowing costs, homeowners are largely staying afloat financially.
💡 So What Does This Mean for You?
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Buyers: Strategy is key. It’s not the market to toss out random offers and hope one sticks. Having a smart, informed approach can make all the difference.
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Sellers: Your equity may be looking better than ever. If you’ve been thinking of making a move, now could be the time to explore your options.
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Curious minds: Whether you're just keeping tabs on the market or wondering what this means for your home specifically, I’m always happy to chat.
📲 Let’s Talk Real Estate
Whether you’re buying, selling, investing, or just have questions—The Jennkins Group has got you covered. Reach out today for a personalized game plan that fits your goals and puts you in the driver’s seat.
Don’t wait for the perfect moment—let’s create it together.
