Southborough Massachusetts Real Estate Report June 2015
Do you want to see what has gone on in the Southborough Real Estate market for June 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.
Southborough MA Real Estate Activity For June 2015 vs June 2014
In June of 2015 there were 17 homes that closed within the month for Southborough MA Real Estate. This is an increase of 5 units, as there were 12 homes that closed in June of 2014.
The average list price for the homes that closed in June of 2014 was $750,892
The average list price for the homes that closed in June of 2015 was $687,406
The average sale price for the homes that closed in June of 2014 was $710,583
The average sale price for the homes that closed in June of 2015 was $681,462
The average market time for the homes that closed in June of 2014 was 78 days.
The average market time for the homes that closed in June of 2015 was 101 days.
Homes Under Contract For June 2015
15 homes went under agreement in the month of June. The average list price of the homes that went under agreement was $586,587. The average time on the market for these homes were 49 days. June was a very good 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 June 2015 Home For Sale Inventory Levels
The are currently 35 homes for sale in Southborough MA. The average list price of these homes is $843,469. The average days on the market is 114. Inventory of homes for sale in Southborough in June was down by a significant margin. There are 16 less homes for sale this month than there were last month. This is quite a large drop in inventory.
Southborough MA Real Estate Market Analysis
The current real estate market
As we head into July the market in Southborough has been terrific. The sales volume is up quite a bit from what it was at this time last year. Southborough is actually bucking the trend of most of the other towns locally that are down year to date. Ironically sales are up this year compared to last but Southborough had a down year last year in terms of sales volume. Inventory has been trending higher until this past month when there was an extreme reduction in the number of homes for sale. With inventory back being tight again buyers will need to move swiftly on a home they really like.
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.
June was was an excellent month with seventeen sales. This was better than last year at this time by five more home. Pending sales were strong with fifteen properties going under agreement.
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 53 sales. At this same point in time last year there were 40 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.