Pink Door Podcast
MAY 2026 DELIVERED ONE OF THE MOST COMPETITIVE MONTHS NORWELL HAS SEEN IN RECENT MEMORY — AND THE DATA PROVES IT. THE SOLD-TO-LIST PRICE RATIO CLIMBED TO 105.5%, MEANING THE AVERAGE BUYER IN NORWELL PAID OVER FIVE AND A HALF PERCENT ABOVE THE ASKING PRICE TO CLOSE A DEAL. THAT'S UP FROM 101.2% IN APRIL, AND IT TELLS YOU EVERYTHING YOU NEED TO KNOW ABOUT DEMAND IN THIS MARKET RIGHT NOW. NINE SINGLE-FAMILY HOMES SOLD IN NORWELL IN MAY, PUSHING TOTAL SOLD VOLUME TO $11 MILLION. THE MEDIAN SOLD PRICE CAME IN AT $1,100,000 — UP 11.7% MONTH-OVER-MONTH — AND THE MEDIAN DAYS TO OFFER WAS JUST FIVE. FIVE DAYS. IF YOU'RE A BUYER SITTING ON THE FENCE WAITING FOR PRICES TO SOFTEN IN NORWELL, THIS REPORT IS NOT YOUR FRIEND. THE TRANSACTION OF THE MONTH — ARGUABLY OF THE YEAR SO FAR — WAS 118 PLEASANT STREET, A 3-BEDROOM CONTEMPORARY ON OVER THREE ACRES THAT LISTED AT $879,000 AND SOLD AT $1,100,000. THAT'S 25% OVER ASKING PRICE, DRIVEN BY MULTIPLE COMPETING OFFERS ON A HOME WITH A POOL, SOARING CEILINGS, SOUTH-FACING SUNROOM, AND PROXIMITY TO ROUTE 3. THAT'S NOT AN ACCIDENT. THAT'S WHAT PROPERLY POSITIONED NORWELL REAL ESTATE DOES IN A MARKET WITH THIS LITTLE SUPPLY. ON THE LUXURY END, 21 HENRYS LANE — A 5,616-SQUARE-FOOT CUSTOM COLONIAL — CLOSED AT EXACTLY $2,500,000 AFTER 18 DAYS. THE $1M–$1.499M TIER AVERAGED 111% OF LIST PRICE ACROSS THREE SALES. BUYERS IN NORWELL ARE COMPETITIVE AT EVERY PRICE POINT WHEN THE HOME IS RIGHT. BUT HERE'S THE OTHER SIDE OF THE STORY: ELEVEN ACTIVE LISTINGS TOOK PRICE REDUCTIONS IN MAY, TOTALING SIXTEEN CUTS AVERAGING NEARLY FIVE PERCENT AND NEARLY $63,000 EACH. THE $1.5M–$2M TIER ALONE RECORDED EIGHT PRICE REDUCTIONS ACROSS FOUR PROPERTIES. ONE LISTING IN THAT RANGE EXPIRED AFTER 266 DAYS ON MARKET. THE MESSAGE IS CONSISTENT — NORWELL REWARDS ACCURATE PRICING AND PUNISHES WISHFUL THINKING, ESPECIALLY ABOVE $1.5 MILLION. ACTIVE INVENTORY ROSE FROM 6 TO 10 HOMES, PUSHING MONTHS OF SUPPLY TO 3.0 — UP 87.5% YEAR-OVER-YEAR. THAT'S STILL A STRONG SELLER'S MARKET, BUT THE TREND IS WORTH WATCHING AS WE HEAD INTO SUMMER. THE GOOD NEWS? EIGHTEEN PROPERTIES ARE CURRENTLY UNDER AGREEMENT, WITH $23.6 MILLION IN PENDING VOLUME. JUNE CLOSINGS ARE SET UP TO BE STRONG. I'M JIM ALDRED WITH PINK DOOR PROPERTIES POWERED BY KELLER WILLIAMS SIGNATURE PROPERTIES — HELPING BUYERS AND SELLERS FROM SOUTHIE TO SAGAMORE. WANT TO KNOW WHAT YOUR NORWELL HOME IS WORTH IN THIS MARKET? CALL ME AT 339-987-0382. #SOUTHSHOREMAHOMES #BOSTONSOUTHSHOREREALESTATE #SOUTHSHOREREALTOR #JIMALDRED #KWSIGNATUREPROPERTIESMA #SELLINGSOUTHIETOSAGAMORE #SOUTHSHOREREALESTATE #PINKDOORPROPERTIES #PINKDOORPODCAST #02061 #NORWELLBROKEREALESTATE #NORWELLMAYUPDATE #REALESTATEPODCAST #MARKETINSIGHTS #pinkdoorproperties Jim Aldred is a Realtor serving Boston's South Shore and can be contacted via his Links below. https://linktr.ee/SellingSouthieToSagamore www.KWMASS.com Email me at JimAldredRealtor@yahoo.com cell: 339-987-0382 PODCAST INTRO "Werq" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ PODCAST OUTRO LURKING SLOTH By: Alexander Nakarada
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