📉 Local Market Update: Price Reductions Rising Across Key Counties in Eastern Massachusetts

Over the past two weeks, we’ve observed a notable uptick in price reductions throughout the local real estate market. Whether you're a buyer watching for new opportunities or a seller looking to stay competitive, these trends are important to watch.

We pulled the latest data from MLS PIN for Barnstable, Plymouth, Norfolk, and Suffolk Counties, and here’s what we’re seeing:

 Barnstable County (Cape Cod)

• Single Family Listings: 623

• Price Reductions: 245 → 39% of listings

• Condo Listings: 205

• Price Reductions: 93 → 45% of listings

The Cape is showing a sharp shift, particularly in the condo market. Nearly half of all condo listings have adjusted pricing — a sign of softening demand or more motivated sellers.

 Plymouth County (South Shore)

• Single Family Listings: 584

• Price Reductions: 251 → 43% of listings

• Condo Listings: 142

• Price Reductions: 57 → 40% of listings

With more than 40% of both property types adjusting prices, Plymouth County is seeing strong signs of recalibration, giving buyers more leverage.

 Norfolk County

• Single Family Listings: 576

• Price Reductions: 243 → 42% of listings

• Condo Listings: 335

• Price Reductions: 149 → 45% of listings

Norfolk County continues to see healthy inventory and price adjustments, especially in the condo market where nearly half of listings have reduced.

 Suffolk County (Boston Area)

• Single Family Listings: 193

• Price Reductions: 74 → 38% of listings

• Condo Listings: 1,289

• Price Reductions: 535 → 42% of listings

While single-family homes are less prevalent in Suffolk, the volume of condos with price drops is significant. This reflects a cooling city market that continues to respond to buyer hesitancy or shifting demand.

 What This Means for You

If you're thinking about buying, this could be the window to negotiate more favorable terms. For sellers, understanding these trends can help you stay competitive, especially as summer approaches and more inventory hits the market.

Want a custom breakdown for your town or property type? Let’s talk.

 Contact us today to strategize your next move.