The Cohasset, MA Real Estate market saw some strength for the month of August with 15 homes selling for an average sale price of $937,988 which was 94.37% of the sellers asking price. This surge of activity is great news for the Cohasset Real Estate market as we head into what is historically one of the strongest seasons of the year.
Compare the month of August to the average for the first half of 2011 when we saw only 4.33 homes per month moving off the market with an average sale price of $961,153 which was 95.07% of the sellers asking price. With the average inventory of 93 units we had 21 months’ worth of inventory on the market for the first half of the year, but with the surge in activity we currently only have 17.6 months’ worth of inventory on the market in Cohasset, MA.
What does all of this mean? 6 months of housing inventory is considered the perfect equilibrium between buyers and sellers where neither party has an advantage and pricing power. An inventory level of above 6 months would signal a buyers’ market with Cohasset, MA Real Estate Market’s inventory indicating it is a strong buyer’s market.
Are you thinking about buying or selling a home in Cohasset, MA? Then give Jeffrey Chubb, owner of RE/MAX Select a call at 617-480-2600 or visit him at www.MoveWithChubb.com. He is one of the top agents in the state and employs an aggressive marketing approach to help his sellers net more money in a shorter amount of time. Give Jeff a call and start packing today!
Check out these new listings for sale in Cohasset, MA