Marlborough, MA Home Sales and Real Estate Market Report (2019)

July

The Marlborough Homes For Sale Market Report

Marlborough home sellers are asking for more, but the buyers are pushing harder on prices.  Who will win this latest expectation gap? 

Can’t see the chart? You can find it Here .

Even though inventories remain tight, transaction volume is down.  Some of that is lack of inventory, but it is worth noticing that the Days on Market, for average, is up to 48 days.  Still great for sellers, bad for buyers, but it is up, showing that buyers aren't interesting in competitive bidding, and are staying away from properties they think are overpriced. 

What should potential home buyers do in Marlborough?

Home buyers should recognize that they can push harder on sellers who are sitting around, and push harder at inspection.  They should also be more price sensitive to condition.  That won't stop the best homes from selling quickly, but more are sitting around than before. 

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What should future home sellers do in Marlborough?

Sold prices are off their peak - but not by much.  It is still a strong sellers market, and home buyers are paying near record prices.  If you're looking to take advantage of the prices for home sales, now is the time.  

Marlborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Marlborough “Home Seller Index” (HSI): 227 Last Report: 270
  • There are 34 homes currently listed as For Sale by Home Sellers.
  • In Marlborough there have been 165 houses sold in the last 6 months, and 116 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 48 days for the last 6 months of SOLD homes In Marlborough.
  • Homes for sale have been looking for buyers for an average of 69 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $212 (vs. $216 in the last report)
  • Current home sellers are looking for $226/sq foot
  • There was an Average Sold Price of $411,605.
  • Marlborough, MA, has 5 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There is 1 property advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

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