Northbridge MA Real Estate Market Report August 2012

Northbridge Massachusetts Real Estate Report August 2012

Northbridge MA Real Estate

 

 

 

 

 

Northbridge MA Real Estate Activity For August 2012 vs August 2011

In August of 2012 there were 17 homes that closed within the month for Northbridge. This is an increase of 10 units, as there were 7 homes that closed in August of 2011.

The Average list price for the homes that closed in Northbridge for August of 2011 was $303,971

The Average list price for the homes that closed in Northbridge for August of 2012 was $267,647

The Average sale price for the homes that closed in Northbridge for August of 2011 was $292,643

The Average sale price for the homes that closed in Northbridge for August of 2012 was $256,174

The Average Market time for the homes that closed in Northbridge for August of 2011 was 171 days.

The Average Market time for the homes that closed in Northbridge for August of 2012 was 119 days.

Northbridge MA Homes Under Contract For August 2012

8 homes went under agreement in Northbridge Massachusetts in the month of August. The average list price of the homes that went under agreement was $415,688. The average time on the market for these homes were 197 days. August was a decent month for homes going under contract.

January 2009 – 2011 Final Year Real Estate Market Statistics For Northbridge Massachusetts

In Northbridge MA for the period of January to December of 2011 there were 89 properties sold.

In Northbridge MA for the period of January to December of 2010 there were 90 properties sold.

In Northbridge MA for the period of January to December 2009 there were 117 properties sold.

In Northbridge MA for the period of January to December in 2011 the average list price was $270,662 the average sale price was $260,852 the average market time was 169 days.

In Northbridge MA for the period of January to December in 2010 the average list price was $292,115 the average sale price was $281,847 and the average market time was 120 days.

In Northbridge MA for the period of January to December in 2009 the average list price was $280,651 the average sale price was $270,931 and the average time on the market was 131 days.

Current Northbridge MA Inventory Levels

The are currently 93 homes on the market in Northbridge MA. The average list price of these homes is $329,406. The average days on the market is 235.

Northbridge MA Real Estate Market Analysis

In 2011 the Northbridge Real Estate market had an decrease in the amount of homes sold as compared to 2010 although nearly identical. Homes priced properly generally moved in a reasonable amount of time. There was still a downward trend in Real Estate values through out the year but the weakness occurred mostly in the upper end of the market (over 400k). The average days on market increased substantially from the previous two years. Some of this is attributed to home in the upper end of the market staying on for a longer period of time. The lower end of the market (under 300k) remained strong with values holding firmer than in the upper ends of the market.

Current home inventory levels have remained high as we have moved out of the Summer selling season and into the Fall market.. Lower inventory is a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values. The Northbridge Real Estate market has remained slower than some of the surrounding towns. The amount of closed sales through August are a little bit better than they were last year at this point in time. For most of the year the amount of sales were running in lock step as they were last year. August however was an outstanding month for closed sales which has propped up the yearly sales totals.

Through August there have been 70 sales. At this same point in time last year there were 59 sales.

The above Northbridge Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to see all Northbridge MA homes for sale.

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