The Scituate Real Estate Market finds its grove in November

Scituate, the seaside town. Also known as the seaside town that saw a huge bump is sales last month! This time last year the real estate market was very active largely due to the benefit to the First Time Home Buyer Tax Credit. But even without the benefit of the Tax Credit, Scituate saw 21 homes sell at an average of $570,471 this past month. This is a very favorable comparison to the 9 homes that sold in November of 2009 at an average $538,467 with the benefit of the Tax Credit. Looking closer at the numbers, there are two other notable items to point out. Of the 21 homes that sold last month 12 of them were under $430,000 showing that properties that can be financed in convetional ways are in greater demand vs. the higher end of the market where financing remains a bit more tricky. The other notable is that time on the market drifted up to 187 days from 158.

Pricing remains stable, but it can take time to locate a buyer. If you would like to know more about the Scituate market, please feel free to contact me via my profile page.