Low Inventory + High Buyer Demand = Seller’s Market

Hanover MA real estateCan it be true about the Hanover MA real estate market? Only 38 single-family homes for sale as of today’s date? Well, as of this morning, that is what the MLS database is showing as active for sale listings ranging in price between $319,000 and $1,399,000. Of the 38 single family homes for sale, only 16 are under the $600,000 range, which only intensifies the already tight seller’s market we are experiencing for Hanover MA real estate. The average list price currently is approximately $693,000 with an average living area of 3,061 square feet.

Hanover MA Real Estate is Highly Sought After

Hanover MA real estate is a highly sought after community located about 23 miles south of Boston due to its rural country feel and charm, its quality schools, natural resources and sense of community. There are currently 34 homes under agreement to be sold with an average listing price of $544,000. The average home under agreement has approximately 2,448 square feet of living area and took on average 38 days until an offer was accepted.

During the first seven months of 2016, there have been 96 single family home sales, of which, the average sale price was $503,000, with an average of 2,252 square feet of living area and average days to offer of 40. Sale prices ranged from $176,000 to $1,346,000.

Haover MA homes for saleTypically, the Hanover MA real estate market picks up steam again in mid to late August as more homes start to come on the market for the Fall. There are still some wonderful homes for sale in Hanover. Click on the search MLS button and quickly review homes with the specific features you are looking for.  Search through the listings and sign-up to receive daily matches for the latest homes that are listed for sale. If you would like to schedule a showing of any homes, please contact me at your convenience. Please call me, George Jamieson, Realtor with William Raveis Real Estate at 617-877-4839 or email me at George.jamieson@raveis.com. If you are thinking about selling your Hanover MA home or buying a home or Hanover MA real estate, please consider using my services.