South Shore Real Estate in February 2025: Expert Analysis by Michael Peppino

The South Shore real estate market continues to present a dynamic landscape for buyers and sellers alike. In this February 2025 update, real estate expert Michael Peppino breaks down the latest trends and offers valuable insights for those navigating the market within Abington, Braintree, Bridgewater, Carver, Cohasset, Duxbury, East Bridgewater, Halifax, Hanover, Hanson, Hingham, Holbrook, Hull, Kingston, Marshfield, Norwell, Pembroke, Plymouth, Plympton, Quincy, Rockland, Scituate, Weymouth, and Whitman.

Key Market Takeaways from Michael Peppino:

"February 2025 reveals a market characterized by a decrease in overall closed sales, yet a significant rise in median sales prices across the South Shore region," explains Michael Peppino. "The persistent challenge remains the dwindling inventory, impacting both single-family homes and condos."

Here's a detailed look at the numbers:

• Overall Market Trends:
  • Closed sales for all property types decreased by 2.3% compared to February 2024.
  • The median sales price for all properties saw a notable increase of 6.6% year-over-year.
  • Inventory across all property types plummeted by 21.0% from February 2024.
• Single-Family Homes:
  • Closed sales increased by 9.4%, indicating continued buyer interest in single-family homes. (197 in 2025 vs. 180 in 2024)
  • Median prices rose by 3.0%, reaching $650,000 in February 2025, compared to $631,000 in February 2024.
  • Inventory saw a significant decrease of 25.7%, highlighting the competitive nature of the market. (376 in 2025 vs. 506 in 2024)
  • New listings decreased by 17.4% (276 in 2025 vs. 334 in 2024)
• Condominiums:
  • Closed sales decreased sharply by 28.0%. (59 in 2025 vs. 82 in 2024)
  • Median prices increased by 6.3%, climbing to $465,000 in February 2025 from $437,500 in February 2024.
  • Condo inventory decreased by 10.4%. (199 in 2025 vs. 222 in 2024)
  • Condo listings decreased by 6.0% (140 in 2025 vs. 149 in 2024)

Michael Peppino's Expert Advice:

"In this market, the role of a knowledgeable and experienced real estate professional is more critical than ever," emphasizes Peppino. "Buyers and sellers need to navigate the complexities of limited inventory, fluctuating prices, and evolving market dynamics."

The Value of a REALTOR®:

• Market Expertise: REALTORS® provide up-to-date insights on market trends, interest rates, and consumer attitudes.
• Significant Investment: Real estate is a large investment, and a home is where people spend a lot of their lives, so professional help is very important.
• Professional Guidance: Whether buying or selling, a REALTOR® can streamline the process and ensure a smooth transaction.
• Ethical Standards: REALTORS® adhere to a strict code of ethics, ensuring integrity and professionalism.

If you're considering buying or selling in the South Shore region, now is the time to partner with a trusted real estate expert," advises Michael Peppino. "Contact me today for personalized guidance and strategic solutions tailored to your unique needs. Visit MichaelPeppino.com to learn more about how I can assist you. For more information regarding specific towns, please see these links: Abington Real Estate, Braintree Real Estate, Plymouth Real Estate, Quincy Real Estate, and Kingston Real Estate.

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Michael Peppino Real Estate Agent

Real Broker, MA LLC

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