May 2011 Market Report for Hingham MA Real Estate

Sold Single Family Homes in the Month of May 2011 fo r Hingham, MA

The Hingham MA real estate market continues to turn out impressive sales figures.  Albeit that sales figures are at the more moderate price points, activity remains consistent, and properly priced homes are finding buyers.

In May of 2011 there were 15 homes that closed within the month for Hingham Massachusetts. This is a increase of 4 units, as there were 11 homes that closed in May of 2010.

• The Average list price for the homes that closed in Hingham for May of 2010 was $866,627
• The Average list price for the homes that closed in Hingham for May of 2011 was $688,047
• The Average sale price for the homes that closed in Hingham for May of 2010 was $793,773
• The Average sale price for the homes that closed in Hingham for May of 2011 was $650,527
• The Average Market time for the homes that closed in Hingham in May of 2010 was 100 days.
• The Average Market time for the homes that closed in Hingham May of 2011 was 72 days.

There are 22 homes under agreement in Hingham Massachusetts in the month of May. The average list price of the homes that went under agreement was $805,514. The average time on the market for these Hingham MA homes was 103 days.

In 2010 there were 217 Single Family Real Estate transactions in Hingham. In 2009 there were 189 Single Family Real Estate transactions.

** The above statistics are for single family homes only and do not include condo’s or Multi-family homes in Hingham Massachusetts.

In comparing year over year longer term data for Hingham MA, the trend towards more stability in market continues. Both the average sale price  and the average listing price have shown that there is activity at the price points that can be financed conventionally.   This can be partly attributed the nominal improvements in the economic environment.  Also the move up buyer is more confident in the current economic environment to make a move, but today’s buyer is more conservative in their purchase behavior.

Hingham, and its highly regarded school system, remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market.  Hingham offers home styles from Antique Homesto Waterfront Homes, to Condos with many of these home styles offered at various price points.

Below are market reports for other towns in the Hingham area:

Selling a home in Hingham Massachusetts or other South Shore towns is heavily dependant on pricing your home properly and picking an agent that will create an “online market presence” for your home. As a home seller, you need to be aware that the market in Hingham and many other South Shore communities has changed over the last five years. We are no longer in a seller’s market. When selling a home in Hingham Massachusetts, it pays to have a pro in your corner representing you.

When selling a home in Hingham MA, it pays to have a pro in your corner representing you.  Will your agent dominate Google with an internet presence?  Click here to see a brief overview in my online marketing Flip Book Presentation. Here is list of Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a successful broker or not!  Curious about a short sale because you owe more than your home is worht?  Go to MassForeclosureHelp.com and get answers to your questions.

About the author: The above Real Estate information about Hingham MA Homes For Sale was provided by Bill Tierney, an Internet savvy REALTOR who covers the South Shore real estate market for Virtual Homes Real Estate. Bill can be reached via email at William.Tierney@VirtualHomes.com or by phone at 617-653-1955. Bill has been a licensed real estate agent for over seven years.

Thinking of selling your home or condo? I have a passion for Real Estate and would love to share my marketing expertise! I specialize in leveraging today’s technology, such as social media, to maximize your home’s exposure.
For Massachusetts and Hingham MA Homes for Sale and condos see Hingham MA Real Estate For Sale.

Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder service.  I service the following towns on the South Shore: Cohasset, Hingham, Hull, Scituate, Marshfield, Norwell, Weymouth, Quincy, Duxbury, and Kingston.  Click here to view Bill Tierney’s Real Estate Profile.