Southborough Massachusetts Real Estate Report August 2015
Do you want to see what has gone on in the Southborough Real Estate market for August 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 my detailed real estate agents guide to Southborough MA, to learn why the town is a popular choice with home buyers, including information on town history, schools, demographics and more.
Southborough MA Real Estate Activity For August 2015 vs August 2014
In August of 2015 there were 10 homes that closed within the month for Southborough MA Real Estate. This is an decrease of 1 unit, as there were 11 homes that closed in August of 2014.
The average list price for the homes that closed in August of 2014 was $559,818
The average list price for the homes that closed in August of 2015 was $505,230
The average sale price for the homes that closed in August of 2014 was $548,173
The average sale price for the homes that closed in August of 2015 was $503,780
The average market time for the homes that closed in August of 2014 was 46 days.
The average market time for the homes that closed in August of 2015 was 40 days.
Homes Under Contract For August 2015
5 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $743,460. The average time on the market for these homes were 61 days. August was a below average month for homes going under 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 August 2015 Home For Sale Inventory Levels
The are currently 42 homes for sale in Southborough MA. The average list price of these homes is $803,107. The average days on the market is 123. Inventory of homes for sale in Southborough in August was down by one property. There are 8 more homes for sale this month than there were last month. This is welcome news for those looking for a home in town
Southborough MA Real Estate Market Analysis
The current real estate market
As we head into September real estate sales for the year have been strong in Southborough. Sales volume has continued to be up from the same time frame as last year. Southborough is one of a handful of towns that have more sales this year than last through August. Inventory remained in a constant range has been swinging back and forth in range of thirty some odd to forty some odd homes for sale. Historically this is still a low number of properties available to purchase. The market favors home sellers and probably will continue to do so for the balance of the year.
Homes that are priced as they should be continue to sell quickly especially in certain price points where there are very limited homes for sale. Sales should be decent but not spectacular for the balance of the year due to seasonality.
August was a fair month with ten sales. This was slightly down from last year at this time by one less sale. Pending sales however, were not so great with only 5 homes going under contract.
Southborough remains a very popular destination town for buyers but hard to get into in the lower end of the market.
Year to date there have been 82 sales. At this same point in time last year there were 68 sales.
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.
See what took place in the market last month at the link above.