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Greetings!
Happy 2026!
What is happening in the local real estate market? 2025 was another good year for the local real estate market and better than the previous year. Number of homes sold, total sales and median sale price are all up slightly from 2024. While we have seen a sellers market for the past few years, we are now moving into a more balanced market, which favors neither buyers nor sellers.
As you may have read, the country overall has seen many areas of decline, but New England continues to perform well.
Inventory- As of 1/20/2026 there are currently 16 homes on the market in Hingham, as compared to 14 a year ago. However, in the $2M and below price range there are only 4 properties on the market, which is the same as a year ago. The $2M and below is the most active part of the market and where we need more inventory.
Interest Rates- We are starting to see a moderation in interest rates. My "Go To" lender Kevin Byrne of Movement Mortgage reminds me that rates go up quickly and take their time coming down. See the latest rates below. I highly recommend Kevin as he is responsive, professional, reliable and offers very competitive mortgage rate options.
2026 Forecast-
- Interest rates in the low 6% and high 5% range
- Slightly higher median sale price
- More listings
- More sales
- Slightly higher days to offer
- A more balanced market
- Good news for buyers who have been unable to enter the market
Interested in having a chat about the local real estate market? I am a click/text/phone call away.
As always, if you have any questions about the local real estate market or would like to discuss purchasing or selling a home, I am just a phone call, text or click away.
Sincerely,
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