Southborough MA Real Estate Market Report March 2015

Southborough Massachusetts Real Estate Report March 2015

Do you want to see what has gone on in the Southborough Real Estate market for March 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 March 2015 vs March 2014

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

The average list price for the homes that closed in March of 2014 was $610,117

The average list price for the homes that closed in March of 2015 was $633,300

The average sale price for the homes that closed in March of 2014 was $606,365

The average sale price for the homes that closed in March of 2015 was $616,667

The average market time for the homes that closed in March of 2014 was 97 days.

The average market time for the homes that closed in March of 2015 was 80 days.

Homes Under Contract For March 2015

10 homes went under agreement in the month of March. The average list price of the homes that went under agreement was $679,060. The average time on the market for these homes were 114 days. March was a great month for homes going to contract.

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 March 2015 Home For Sale Inventory Levels

The are currently 30 homes for sale in Southborough MA. The average list price of these homes is $875,423. The average days on the market is 126. Inventory of homes for sale in Southborough in March was up by three additional homes. The last few months inventory has risen but only by a very slight margin.

Southborough MA Real Estate Market Analysis

The current real estate market

As we head into April the market in Southborough has been somewhat stagnant based on a lack of homes available for purchase. We have been dealing with an inventory shortage for quite a while. This however should change rapidly in the coming month as more sellers gear up for putting their homes on the market.

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.

March was a very slow month for sales with only three. This was half of the amount last year when there were six. Pending sales however 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 February 2015

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

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