Northbridge MA Real Estate Market Report May 2012

Northbridge Massachusetts Real Estate Market Overview May 2012

Northbridge MA Real Estate

 

 

 

 

 

Northbridge MA Real Estate Activity For May 2012 vs May 2011

In May of 2012 there were 7 homes that closed within the month for Northbridge MA. This is a decrease of 3 units, as there were 10 homes that closed in May of 2011.

The Average list price for the homes that closed in Northbridge for May of 2011 was $321,336

The Average list price for the homes that closed in Northbridge for May of 2012 was $304,617

The Average sale price for the homes that closed in Northbridge for May of 2011 was $306,706

The Average sale price for the homes that closed in Northbridge for May of 2012 was $290,143

The Average Market time for the homes that closed in Northbridge for May of 2011 was 324 days.

The Average Market time for the homes that closed in Northbridge for May of 2012 was 159 days.

Northbridge MA Homes Under Contract For May 2012

10 homes went under agreement in Northbridge Massachusetts in the month of May. The average list price of the homes that went under agreement was $259,923. The average time on the market for these Northbridge homes were 81 days.

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 97 homes on the market in Northbridge MA. The average list price of the Northbridge homes is $347,389. The average days on the market is 218.

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 Northbridge market.

Current home inventory levels have increased substantially as we have moved towards the end of the Spring selling season. Home inventory does tend to grow at this time of the time of year. 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. Closed sales in May were less than last year at the same time. This is unusual when compared to some of the other local surrounding towns which are experiencing much higher sales rates.

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

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