Kelleher Real Estate Services

2024 Market Update

Though it's been well over a year since Covid dramatically impacted our local market we have still not fully recovered. Because of the interest rates and limited inventory the sales prices are still inflated which make it difficult for buyers to secure a home at a good price and (unless planning to leave the area), it makes it challenging for a Seller to buy a comparable home in a different area with more bedrooms, etc.                                                  

All of these factors make it more important than ever for Sellers to choose a Broker who continually assesses the market conditions and adjusts accordingly to be sure that pricing remains competitive. And, that for Buyers that they become educated on the plus's and minus' of each area so that when a reasonably priced home comes on the market in the desired location in their price point, they will be prepared to submit an offer quickly to beat out other buyers.

To follow is a recap of the market for this week as well as a link to the 2023 Fourth Quarter Sales Report for the entire Island. If you have any questions about any of the information we welcome you to Contact Us.

 

 Weekly Market Update – Week Ending February 19, 2024

Total Number of Homes Available:     97

Total Number of Listings Available:  130

               Number of New Listings:      7

Number of Homes Under Agreement:  10

                    Number of Homes Sold:   4

 

                                        

                                                 2023 Third Quarter Sales Report Summary by Town   

 

 

                                         

                                              

                                                  


                                       

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Kelleher Real Estate Services