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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Hyannis Port residential properties here’s what happened in 2023 1st Quarter Vs 2022 1st Quarter.
Hyannis Port
Average Sales Price
Q1 2022 – $2647500
Q1 2023 – $1326000
50% down
Average Days On Market
Q1 2022 – 58
Q1 2023 – 26
55% down
Average Sale Price Per Square Foot
Q1 2022 – $884.56
Q1 2023 – $421.03
52% down
Sale to List Price Ratio
Q1 2022 – 91.61%
Q1 2023 – 95.05%
4% up
Number of Sold Listings
Q1 2022 – 2
Q1 2023 – 2
0% no change
Months Supply of Inventory
Q1 2022 – 2.5
Q1 2023 – 0.5
80% down
Mortgage Rate
Q1 2022 – 4.73%
Q1 2023 – 6.48%
37% up
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