Northbridge MA Real Estate Market Report December 2012

Northbridge Massachusetts Real Estate Report December 2012

Northbridge MA Real Estate

 

 

 

 

 

Northbridge MA Real Estate Activity For December 2012 vs December 2011

In December of 2012 there were 14 homes that closed within the month for Northbridge MA. This is an increase of 6 units, as there were 8 homes that closed in December of 2011.

The Average list price for the homes that closed in December of 2011 was $280,025

The Average list price for the homes that closed in December of 2012 was $312,807

The Average sale price for the homes that closed in December of 2011 was $279,950

The Average sale price for the homes that closed in December of 2012 was $308,416

The Average Market time for the homes that closed in December of 2011 was 129 days.

The Average Market time for the homes that closed in December of 2012 was 115days.

Northbridge MA Homes Under Contract For December 2012

6 homes went under agreement in Northbridge Massachusetts in the month of December. The average list price of the homes that went under agreement was $604,900. The average time on the market for these homes were 124 days. December was an average month for homes going under contract but December is traditionally a much slower month for home sales.

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 74 homes on the market in Northbridge MA. The average list price of these homes is $354,990. The average days on the market is 269.

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 low as we have moved out of 2012 and into 2013. In fact the inventory is at the lowers level it has been at in a very long time. 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 picked up a quite bit in the latter part of the year. Home sales were lagging for the better part of the year but the tail end of the 3rd quarter and 4th quarter were very good for Northbridge.

For 2012 there were 120 real estate sales. For 2011 there were only 89 sales. This obviously a very healthy gain in sales volume for the year. All signs point to the fact we may be near a market bottom.

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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