Southborough MA Real Estate Market Report October 2015

Southborough Massachusetts Real Estate Report October 2015

Do you want to see what has gone on in the Southborough Real Estate market for October 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.

Southboro MA Real Estate

 

 

 

 

 

Southborough MA Real Estate Activity For October 2015 vs October 2014

In October of 2015 there were 12 homes that closed within the month for Southborough MA Real Estate. This is an increase of 4 units, as there were 8 homes that closed in October of 2014.

The average list price for the homes that closed in October of 2014 was $509,700

The average list price for the homes that closed in October of 2015 was $632,958

The average sale price for the homes that closed in October of 2014 was $499,463

The average sale price for the homes that closed in October of 2015 was $620,292

The average market time for the homes that closed in October of 2014 was 44 days.

The average market time for the homes that closed in October of 2015 was 52 days.

Homes Under Contract For October 2015

7 homes went under agreement in the month of October. The average list price of the homes that went under agreement was $496,828. The average time on the market for these homes were 65 days. October was an 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 October 2015 Home For Sale Inventory Levels

The are currently 45 homes for sale in Southborough MA. The average list price of these homes is $814,713. The average days on the market is 106. Inventory of homes for sale in Southborough in October was up by 3 additional homes for sale.

Southborough MA Real Estate Market Analysis

The current real estate market

As we head into November 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 among a few towns in the Metrowest area that have sales volume higher than last year. Inventory of homes available for purchase has remained around 40 to 45 homes over the last couple of months. This is still a shortage of homes for sale. The market favors home sellers and probably will continue to do so for the balance of the year. The amount of homes for sale should not go up or down by a large amount through the end 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.

October was a decent month with twelve sales. This was up from last year at this time by four additional sales. Pending sales however, were not as strong with only 7 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 106 sales. At this same point in time last year there were 81 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 MA homes for sale.

Related articles

Southborough real estate report September 2015

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

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