Plymouth Real Estate Stats for January 2013

Interesting statistics for Plymouth homes sales for January 2013. The median price of a home dropped 4.9% from $282,000 to $268,183 compared to January 2012 but the average price went up 5.2% from $299,871 $315,422. One can interpret that the market is fairly strong on the lower end of the price range in Plymouth but that the higher end priced homes have rebounded quite a bit from just a couple of years ago. There has also been a decrease in distressed properties on the market (foreclosures and short sales) which has plagued home prices for the last 5 years. Compounding this, is that the number of listing on the market is down 20.2% from January of 2012.  Look for new construction to continue to be relatively strong this year as buyers, not able to find existing homes to satisfy their requirements, look to building.  All and all, if interest rates remain near historical lows and consumer confidence stays high, the housing market should continue to heal through out 2013.