Northbridge MA Real Estate Market Report January 2013

Northbridge Massachusetts Real Estate Report January 2013

Northbridge MA Real Estate

 

 

 

 

 

Northbridge MA Real Estate Activity For January 2013 vs January 2012

In January of 2013 there were 6 homes that closed within the month for Northbridge MA. This is an increase of 3 units, as there were 3 homes that closed in January of 2012.

The Average list price for the homes that closed in January of 2012 was $195,537

The Average list price for the homes that closed in January of 2013 was $352,033

The Average sale price for the homes that closed in January of 2012 was $185,000

The Average sale price for the homes that closed in January of 2013 was $344,115

The Average Market time for the homes that closed in January of 2012 was 114 days.

The Average Market time for the homes that closed in January of 2013 was 120 days.

Northbridge MA Homes Under Contract For January 2013

3 homes went under agreement in the month of January. The average list price of the homes that went under agreement was $272,933. The average time on the market for these homes were 143 days. January was a very slow month for homes going under contract.  January is traditionally a much slower month for home sales however, three sales is less than normal.

January 2010 – 2012 Final Year Real Estate Market Statistics For Northbridge Massachusetts

In Northbridge MA for the period of January to December of 2012 there were 120 properties sold.

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 2010 there were 90 properties sold.

In Northbridge MA for the period of January to December in 2012 the average list price was $299,841 the average sale price was $286,407 the average market time was 127 days.

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 and 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 time on the market was 120 days.

Current Northbridge MA January 2013 Inventory Levels

The are currently 68 homes on the market in Northbridge MA. The average list price of these homes is $342,943. The average days on the market is 192.

Northbridge MA Real Estate Market Analysis

In 2012 the Northbridge Real Estate market had a decent increase in the amount of homes sold as compared to 2011. In fact there was over a 20 percent jump in the amount of sales. Homes took a bit longer to sell in Northbridge compared to some of the other surrounding area towns going East. There was still a downward trend in Real Estate values through out the year the first half of the year but the weakness occurred mostly in the upper end of the market (over 400k). The average days on market decreased substantially from the previous year. Homes under 300k tended to move a lot quicker than higher priced property.

Current home inventory levels have remained low as we have moved out of 2012 and into 2013. In fact inventory levels are down across the board in all area towns. 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 latter half of 2012 was quite a bit stronger for  The Northbridge Real Estate market that the beginning of the year. Home sales were lagging for the better part of the year but the volume of sales improved quite a bit over the last few months of the year.

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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