Northbridge Massachusetts Real Estate Report August 2015
Do you want to see what has taken place in the Northbridge Real Estate market for the month of August along with year over year comparisons? Take a look at our reporting of the Northbridge MA market. While you are here looking at the market data take a peek at my real estate agents guide to Northbridge Mass, where you will find out why the town is a popular choice for home buyers looking for a good value, including information on town history, schools, demographics and more.
Northbridge Real Estate Activity For August 2015 vs August 2014
In August of 2015 there were 17 homes that closed within the month for Northbridge MA Real Estate. This is a decrease of 1 unit, as there were 18 homes that closed in August of 2014.
The average list price for the homes that closed in August of 2014 was $455,656
The average list price for the homes that closed in August of 2015 was $452,512
The average sale price for the homes that closed in August of 2014 was $442,917
The average sale price for the homes that closed in August of 2015 was $444,724
The average market time for the homes that closed in August of 2014 was 71 days.
The average market time for the homes that closed in August of 2015 was 59 days.
Homes Under Contract For August 2015
8 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $375,563. The average time on the market for these homes were 46 days. August was a great month for homes going under agreement.
January 2012 – 2014 Final Year Real Estate Market Statistics For Northbridge Massachusetts
For the period of January to December of 2014 there were 129 properties sold.
For the period of January to December of 2013 there were 144 properties sold.
For the period of January to December of 2012 there were 120 properties sold.
For the period of January to December in 2014 the average list price was $320,197 the average sale price was $314,844 the average market time was 126 days.
For the period of January to December in 2013 the average list price was $320,958 the average sale price was $316,448 the average market time was 127 days.
For the period of January to December in 2012 the average list price was $299,841 the average sale price was $286,407 and the average market time was 127 days.
Current August 2015 Home For Sale Inventory Levels
The are currently 58 homes on the market in Northbridge MA. This is five mire homes for sale as last month when there was also 53 homes available. The average list price of these homes is $326,298. The average days on the market is 113. Inventory of homes for sale has gone down over the last two months which is always helpful for those who are selling their home.
Northbridge MA Real Estate Market Analysis
Analysis of the Current Real Estate Market.
The market activity in August pretty much mirrored the activity at the same time last year with only a difference of one home sale. Year to date sales have been lagging last years figures by a decent amount. The last few months however sales figures have been strong. The beginning of the year got off to a rough start with sales being extremely slow. We have now entered a time period in the market where sales should be solid but not spectacular.
The amount of pending transactions this month was lagging with only 8 homes accepting contracts.
Inventory in the first quarter was much greater than it is now. Inventory has been remaining in balance with buyer demand. Over the last few months there have been 50-60 homes available for purchase. Inventory should remain fairly consistent over the next few months with supply and demand not swinging too widely from one another.
Through August there have been 91 sales which is down from last year at this time when there were 110 sales.
2014 sales vs 2013 sales
There were 129 sales in Northbridge in 2014. This was down from 2013 when there were 144 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 Mass properties for sale.
See the Northbridge real estate report for July 2015. See what is going on month to month in town.