Southboro MA Real Estate Market Report October 2012

Southboro Massachusetts Real Estate Report October 2012

Southboro MA Real Estate

 

 

 

 

 

Southboro MA Real Estate Activity For October 2012 vs October 2011

In October of 2012 there were 4 homes that closed within the month for Southborough. This is an decrease of 5 units, as there were 9 homes that closed in October of 2011.

The Average list price for the homes that closed in Southboro for October of 2011 was $515,933

The Average list price for the homes that closed in Southboro for October of 2012 was $381,900

The Average sale price for the homes that closed in Southboro for October of 2011 was $486,254

The Average sale price for the homes that closed in Southboro for October of 2012 was $363,125

The Average Market time for the homes that closed in Southboro for October of 2011 was 136 days.

The Average Market time for the homes that closed in Southboro for October of 2012 was 55 days.

Southboro MA Homes Under Contract For October 2012

3 homes went under agreement in Southboro Massachusetts in the month of October. The average list price of the homes that went under agreement was $647,233. The average time on the market for these homes were 287 days. October was a disappointing month for homes going under contract.

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 54 homes on the market in Southboro MA. The average list price of these homes is $670,217. The average days on the market is 184.

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 have remained low as we have moved past the Fall selling season and into the Winter market. Inventory decreased a bit over the last month but just by a few homes. 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. October was a poor month with the amount of closed sales being below average for this time of year. With only 3 homes going under contract, October was a slow month for pending home sales as well.

Year to date through October there have been 100 sales. At the same time a year ago there were 89 sales. Southboro like other area towns has had more sales activity to date than last year at this time.

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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