Southborough MA Real Estate Market Report January 2015

Southborough Massachusetts Real Estate Report January 2015

Do you want to see what has gone on in the Southborough Real Estate market for January 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 Real estate agents guide to Southborough Mass 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 January 2015 vs January 2014

In January of 2015 there were 8 homes that closed within the month for Southborough MA Real Estate. This is an increase of 5 units, as there was 3 homes that closed in January of 2014.

The average list price for the homes that closed in January of 2014 was $424,633

The average list price for the homes that closed in January of 2015 was $769,713

The average sale price for the homes that closed in January of 2014 was $448,000

The average sale price for the homes that closed in January of 2015 was $756,702

The average market time for the homes that closed in January of 2014 was 10 days.

The average market time for the homes that closed in January of 2015 was 90 days.

Homes Under Contract For January 2015

4 home went under agreement in the month of January. The average list price of the homes that went under agreement was $658,550. The average time on the market for these homes were 184 days. January was a slow month for homes going to contract. This is mostly due to an extreme lack of homes available for purchase.

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

In Southborough MA for the period of January to December of 2014 there were 110 properties sold.

In Southborough MA for the period of January to December of 2013 there were 119 properties sold.

In Southborough MA for the period of January to December of 2012 there were 116 properties sold.

In Southborough MA 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.

In Southborough MA 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.

In Southborough MA 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 January 2015 Home For Sale Inventory Levels

The are currently 25 homes for sale in Southborough MA. The average list price of these homes is $831,192. The average days on the market is 154. Inventory of homes for sale in Southborough in January was down by just one home. The previous months however saw a dramatic drop as many owners took their homes off the market.

Southborough MA Real Estate Market Analysis

The current real estate market

As we head into February the amount of homes for sale has dropped by an incredible amount from the previous few months. Most of this is attributable to many sellers taking their homes off the market for the winter.

Sales for the year ended down from last year although not by a substantial margin. January was a fair month for sales with eight and beat last years figures by a wide margin.

Home sales will probably remain low for the next few months due to an incredibly low number of homes for sale. This will change however once the spring market kicks in. Home sellers are going to be in prime position with inventory being so low.

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 December 2014

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