Southboro MA Real Estate Market Report November 2012

Southboro Massachusetts Real Estate Report November 2012

Southboro MA Real Estate

 

 

 

 

 

Southboro MA Real Estate Activity For November 2012 vs November 2011

In November of 2012 there were 8 homes that closed within the month for Southborough. This is an increase of 2 units, as there were 6 homes that closed in November of 2011.

The Average list price for the homes that closed in Southboro for November of 2011 was $571,583

The Average list price for the homes that closed in Southboro for November of 2012 was $545,725

The Average sale price for the homes that closed in Southboro for November of 2011 was $545,000

The Average sale price for the homes that closed in Southboro for November of 2012 was $524,050

The Average Market time for the homes that closed in Southboro for November of 2011 was 211 days.

The Average Market time for the homes that closed in Southboro for November of 2012 was 144 days.

Southboro MA Homes Under Contract For November 2012

5 homes went under agreement in Southboro Massachusetts in the month of November. The average list price of the homes that went under agreement was $909,780. The average time on the market for these homes were 173 days. October was an average month for homes going under contract. There were some high end homes that went under contract bringing up the average sale price by quite a bit.

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

In Southboro MA for the period of January to December of 2011 there were 102 properties sold.

In Southboro MA for the period of January to December of 2010 there were 149 properties sold.

In Southboro MA for the period of January to December 2009 there were 172 properties sold.

In Southboro MA for the period of January to December in 2011 the average list price was $562,879 the average sale price was $540,857 the average market time was 142 days.

In Southboro MA for the period of January to December in 2010 the average list price was $712,199 the average sale price was $660,382 and the average market time was 136 days.

In Southboro MA for the period of January to December in 2009 the average list price was $493,542 the average sale price was $472,630 and the average time on the market was 165 days.

Current Southboro MA Inventory Levels

The are currently 44 homes on the market in Southboro MA. The average list price of these homes is $670,002. The average days on the market is 221.

Southboro MA Real Estate Market Analysis

In 2011 the Southboro Real Estate market had a substantial decrease in the amount of homes sold as compared to 2010. 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 with the upper end of the market taking the biggest hit in values. The average days on market for similar as compared to previous years. The lower end of the market (under 500k) remained strong with values holding firmer than in the upper ends of the Southboro market.

Current home inventory levels are at the lowest levels they have been all year as we move further into the Winter market. Inventory has decreased quite a bit over the last few months. Lower home inventory is always a good sign for those considering to sell their home as supply and demand plays a big factor with Real Estate values. November was an average month for closed home sales. This time of year the number of closed sales does tend to drift downward.  With 5 homes going under contract, November was also an average month for pending sales.

Year to date through November there have been 109 sales. At the same time a year ago there were 95 sales.  Southboro has seen an increases in sales year over year but it is not as great as some of the other local area towns.

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

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

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About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty seven plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2013 he was the #1 RE/MAX agent in Massachusetts. Connect with him on

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Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston,, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge , Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett was the #1 RE/MAX Realtor in all of Massachusetts in 2013.