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Health & Fitness

Hingham's Real Estate Market Report

Hingham's real estate market report as of September, 2011.

Hingham's real estate outlook seems brighter than in the recent past. Median list prices, which had fallen from late 2010 through February, have seen a steady rise since then with a slight dip in the May-June period. The current median of $810k is however about $5k less that October 2010.

Inventory has fallen since July which can be problematic for sellers as reduced competition can bring higher prices for remaining properties. In the second Hingham chart, we see one cautionary noteDays on market has been on a steady climb since July.

In summary then, the good news is that homes in Hingham are selling for more money, perhaps as a result of reduced supply. The bad news is that it is taking longer to sell them.

Find out what's happening in Hinghamfor free with the latest updates from Patch.

What do you think?

Bob Mitchell, REALTOR

Find out what's happening in Hinghamfor free with the latest updates from Patch.

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