Despite an 18% increase in home sales in Hingham in 2024 compared to 2023, inventory remains limited, driven by two key factors.
1) No Where to Go Due to low housing inventory, many homeowners are hesitant to list their homes, fearing they won't find a suitable replacement after selling. This concern is preventing many potential sellers from listing their properties
2) Golden Handcuffs Homeowners who purchased properties from 2020 to early 2022 received historically low interest rates, making it financially unattractive for them to move and and have to trade in their low-rate mortgages
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