Southborough Massachusetts Real Estate Report July 2015
Do you want to see what has gone on in the Southborough Real Estate market for July 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 July 2015 vs July 2014
In July of 2015 there were 18 homes that closed within the month for Southborough MA Real Estate. This is an increase of 1 unit, as there were 18 homes that closed in July of 2014.
The average list price for the homes that closed in July of 2014 was $553,788
The average list price for the homes that closed in July of 2015 was $654,567
The average sale price for the homes that closed in July of 2014 was $545,482
The average sale price for the homes that closed in July of 2015 was $635,178
The average market time for the homes that closed in July of 2014 was 49 days.
The average market time for the homes that closed in July of 2015 was 46 days.
Homes Under Contract For July 2015
5 homes went under agreement in the month of July. The average list price of the homes that went under agreement was $540,990. The average time on the market for these homes were 47 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 July 2015 Home For Sale Inventory Levels
The are currently 43 homes for sale in Southborough MA. The average list price of these homes is $803,300. The average days on the market is 108. Inventory of homes for sale in Southborough in July was up by a decent margin. There are 8 more homes for sale this month than there were last month. This is welcome news for those looking for a home in town
Southborough MA Real Estate Market Analysis
The current real estate market
As we head into August real estate sales for the year have been terrific in Souhtborough. Sales volume has continued to be up from the same time frame as last year. Southborough is one of a few towns in the area that has more sales year to date than last year. Inventory has been swinging back and forth in range of thirty some odd to forty some odd homes for sale. Historically this is still a low number of properties available to purchase. The market favors home sellers and probably will continue to do so.
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.
July was was another excellent month with eighteen sales. This was better than last year at this time by one additional sale. Pending sales however were not so stellar with only 5 homes 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 71 sales. At this same point in time last year there were 57 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.