Westboro MA Real Estate Market Report May 2012

Westboro Massachusetts Real Estate Market Overview May 2012

Westboro MA Real Estate

 

 

 

 

 

Westboro MA Real Estate Activity For May 2012 vs May 2011

In May of 2012 there were 13 homes that closed within the month for Westboro MA. This is an decrease of 2 units, as there were 11 homes that closed in May of 2011.

The Average list price for the homes that closed in Westboro for May of 2011 was $473,473

The Average list price for the homes that closed in Westboro for May of 2012 was $454,531

The Average sale price for the homes that closed in Westboro for May of 2011 was $462,818

The Average sale price for the homes that closed in Westboro for May of 2012 was $438,885

The Average Market time for the homes that closed in Westboro for May of 2011 was 100 days.

The Average Market time for the homes that closed in Westboro for May of 2012 was 115 days.

Westboro MA Homes Under Contract For May 2012

21 homes went under agreement in Westboro Massachusetts in the month of May. The average list price of the homes that went under agreement was $523,000 The average time on the market for these Westboro homes were 70 days. Westboro had a really excellent month with a significant amount of properties going under contract.

January 2009 – 2011 Final Year Real Estate Market Statistics For Westboro Massachusetts

In Westboro MA for the period of January to December of 2011 there were 140 properties sold.

In Westboro MA for the period of January to December of 2010 there were 149 properties sold.

In Westboro MA for the period of January to December 2009 there were 172 properties sold.

In Westboro MA for the period of January to December in 2011 the average list price was $469,826 the average sale price was $452,843 the average market time was 101 days.

In Westboro MA for the period of January to December in 2010 the average list price was $476,256 the average sale price was $453,802, and the average market time was 120 days.

In Westboro MA for the period of January to December in 2009 the average list price was $465,326 the average sale price was $443,595 and the average time on the market was 125 days.

Current Westboro MA Inventory Levels

The are currently 80 homes on the market in Westboro MA. The average list price of the Westboro homes is $538,780. The average days on the market is 119.

Westboro MA Real Estate Market Analysis

In 2011 the Westboro Real Estate market had an decrease in the amount of homes sold as compared to 2010 although by a very small amount. Homes priced properly generally moved in a reasonable amount of time. There was still a downward trend in Real Estate values through out the year but the weakness occurred mostly in the upper end of the market (over 600k). The average days on market decreased from the previous two years. The lower end of the market (under 400k) remained strong with values holding firmer than in the upper ends of the Westboro market.

Current home inventory levels have remained steady eventhough we are in the swing of the Spring selling season. More homes come on the market at this time of year than at any other point in time. Lower inventory is always a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values.  The month of May was a decent one for Westboro with a few more sales than at the same time last year.

The above Westboro Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

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