Southborough MA Real Estate Market Report May 2015

Southborough Massachusetts Real Estate Report May 2015

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

In May of 2015 there were 9 homes that closed within the month for Southborough MA Real Estate. This is the same amount of units, as there were 9 homes that closed in May of 2014.

The average list price for the homes that closed in May of 2014 was $686,078

The average list price for the homes that closed in May of 2015 was $639,067

The average sale price for the homes that closed in May of 2014 was $684,322

The average sale price for the homes that closed in May of 2015 was $629,211

The average market time for the homes that closed in May of 2014 was 128 days.

The average market time for the homes that closed in May of 2015 was 46 days.

Homes Under Contract For May 2015

9 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $836,011. The average time on the market for these homes were 51 days. May was a decent 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 May 2015 Home For Sale Inventory Levels

The are currently 51 homes for sale in Southborough MA. The average list price of these homes is $836,011. The average days on the market is 51. Inventory of homes for sale in Southborough in May was up by fourteen additional homes for sale. This is the biggest rise in inventory for quite a long time.

Southborough MA Real Estate Market Analysis

The current real estate market

As we head into June the market in Southborough has been decent but not spectacular. Ironically sales are up this year compared to last but Southborough had a down year last year in terms of sales volume. If there is any conciliation it is one of the few towns that have more sales year to date than last.  Inventory has been done tremendously up until the past month when a significant amount of homes were put on the market. Due to the brutal winter it seems more home have come on the market at a later time period than they usually do.

Homes that are priced appropriately continue to sell quickly especially in certain price points where there are very limited homes for sale.

May was was decent with nine sales. This was actually the same amount of sales as last year when there were nine as well. Pending sales were decent with nine 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 37 sales. At this same point in time last year there were 28 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.

Related articles

Southborough real estate report April 2015

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

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