Southborough MA Real Estate Market Report April 2015

Southborough Massachusetts Real Estate Report April 2015

Do you want to see what has gone on in the Southborough Real Estate market for April along with year over year comparisons? Take a look below for complete details on the Southborough Real Estate market. While you are here make sure you check out our detailed Southborough Mass real estate guide to learn why the town is a popular choice with home buyers, including information on town history, schools, demographics and more.

Southboro MA Real Estate

 

 

 

 

 

Southborough MA Real Estate Activity For April 2015 vs April 2014

In April of 2015 there were 12 homes that closed within the month for Southborough MA Real Estate. This is a decrease of 3 units, as there were 9 homes that closed in April of 2014.

The average list price for the homes that closed in April of 2014 was $646,956

The average list price for the homes that closed in April of 2015 was $637,525

The average sale price for the homes that closed in April of 2014 was $641,172

The average sale price for the homes that closed in April of 2015 was $630,032

The average market time for the homes that closed in April of 2014 was 111 days.

The average market time for the homes that closed in April of 2015 was 139 days.

Homes Under Contract For April 2015

10 homes went under agreement in the month of April. The average list price of the homes that went under agreement was $790,840. The average time on the market for these homes were 63 days. April was another great month for homes going to contract.

January 2012 – 2014 Final Year Real Estate Market Statistics For Southborough Massachusetts

For the period of January to December of 2014 there were 110 properties sold.

For the period of January to December of 2013 there were 119 properties sold.

For the period of January to December of 2012 there were 116 properties sold.

For the period of January to December in 2014 the average list price was $617,860 the average sale price was $603,014 the average market time was 79 days.

For the period of January to December in 2013 the average list price was $634,407 the average sale price was $626,155 the average market time was 113 days.

For the period of January to December in 2012 the average list price was $548,546 the average sale price was $527,170 and the average market time was 127 days.

Current April 2015 Home For Sale Inventory Levels

The are currently 37 homes for sale in Southborough MA. The average list price of these homes is $852,135. The average days on the market is 90. Inventory of homes for sale in Southborough in April was up by Seven additional homes for sale. The last few months inventory has risen but only by a very slight margin as sales are keeping up with homes coming on.

Southborough MA Real Estate Market Analysis

The current real estate market

As we head into May the market in Southborough has been decent but not spectacular. Homes are selling at a steady pace but lower inventory has been keeping total volume down. This is true everywhere in the Metrowest region and not just Southborough. This should change somewhat now that we have moved into the prime selling season of the year. Some sellers have held off putting their homes on the market due to the terrible winter we have dealt with. Inventory did come up a bit this month.

With inventory continuing to be so low sellers will remain in the drivers seat. Homes that are priced appropriately will sell quickly especially in certain price points where there are very limited homes for sale.

April was a good month for sales with twelve. This was a little bit better than last year at this time when there were nine sales. Pending sales also were strong with ten.

Southborough remains a very popular destination town for buyers but hard to get into in the lower end of the market.

Sales statistics for 2014

Southborough ended 2014 with 110 sales. This was down from 2013 when there were 119 sales.

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

Click the link to see all Southborough Mass homes for sale.

Related articles

Southborough real estate report March 2015

See what took place in the market last month at the link above.

Enjoy This Real Estate Article?
"Subscribe To My Blog - It's FREE and No Spam EVER!"
Get my blog articles in your inbox as soon as they are published!

Leave a Reply

Your email address will not be published. Required fields are marked *