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Aug. 1, 2019

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

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

July

The Charlton Homes For Sale Market Report

I would have though Charlton would still be seeing prices up, but they seem to have retrenched a bit.  Home sellers aren't super optimistic here. 

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

Looking at the detail, we see a big pull back in the HSI, largely driven by declining transaction volume and rising inventories.  Hardly a market panic, but indicative that things do not go up in a straight line forever. 

What should potential home buyers do in Charlton?

There is some pressure on homeowners.  Much of the competitive bidding has likely stalled out.  Buyers are looking for value, and while some homes will attract a lot of attention, many won't. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Charlton?

Home sellers need to keep an eye on the inventory levels.  If they keep increasing, it will be a soft fall in Charlton.  Know your micro market if you plan on being a successful seller this fall. 

Charlton Homes For Sale and Sold Market Statistics - MLS Data

  • The Charlton “Home Seller Index” (HSI): 118 Last Report: 184
  • There are 48 homes currently listed as For Sale by Home Sellers.
  • In Charlton there have been 82 houses sold in the last 6 months, and 52 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 72 days for the last 6 months of SOLD homes in Charlton.
  • Homes for sale have been looking for buyers for an average of 92 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $146 (vs. $163 in the last report)
  • Current home sellers are looking for $171/sq foot
  • There was an Average Sold Price of $311,550.
  • Charlton, MA, has 1 property 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!.

Top Reads at Heisler & Mattson Properties

Posted in Charlton, MA
July 31, 2019

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

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

July

The Boylston Homes For Sale Market Report

Boylston prices are retracing, but the sellers remain optimistic they will return.

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

After a brief spike in the HSI, it has returned a bit.  Inventories remain tight, but the number of transactions is falling, and the length of time for sales is lengthening.  This is not to say it is a buyers market! It is not, but the pressure on prices is softening.

What should potential home buyers do in Boylston?

Home buyers should know that things are better - but they are still very good for home sellers.  There aren't lots of choices and sellers still have high expectations. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Boylston?

Home sellers should probably recognize it is not a good market to test new and higher prices.  Those don't seem to be working, and it would be wise to be down where the buyers are, and not where you'd like them to be.

Boylston Homes For Sale and Sold Market Statistics - MLS Data

  • The Boylston “Home Seller Index” (HSI): 139 Last Report: 206
  • There are 17 homes currently listed as For Sale by Home Sellers.
  • In Boylston there have been 37 houses sold in the last 6 months, and 24 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 55 days for the last 6 months of SOLD homes In Boylston.
  • Homes for sale have been looking for buyers for an average of 146 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $193 (vs. $210 in the last report)
  • Current home sellers are looking for $230/sq foot
  • There was an Average Sold Price of $550,904.
  • Boylston, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Boylston, MA
July 30, 2019

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

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

July

The Berlin Homes For Sale Market Report

Berlin looks typical; prices near record highs, but some retrenchment by the they buyers and lowered expectations from seller.

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

When we look at the detailed chart, we see the HSI falling sharply.  A lot of this is that homes are sitting around longer, with an average of 71 days.  That tells us buyers are no longer chasing prices, which is also what we see with the raw prices graph.

What should potential home buyers do in Berlin?

Home buyers will never find a lot of inventory in Berlin.  Underpriced houses are still moving quickly, but homes and homes sellers that are reaching too high on prices are unlikely to find a buyer willing to go there.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Berlin?

Home sellers should recognize that buyers have gotten a lot pickier this year - and it won't be as easy for them to look past your homes flaws, if you're not taking care of them before you list.

Berlin Homes For Sale and Sold Market Statistics - MLS Data

  • The Berlin “Home Seller Index” (HSI): 145 Last Report: 251
  • There are 9 homes currently listed as For Sale by Home Sellers.
  • In Berlin there have been 23 houses sold in the last 6 months, and 14 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 71 days for the last 6 months of SOLD homes In Berlin.
  • Homes for sale have been looking for buyers for an average of 60 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $205 (vs. $210 in the last report)
  • Current home sellers are looking for $230/sq foot
  • There was an Average Sold Price of $535,506.
  • Berlin, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Berlin, MA
July 29, 2019

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

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

July

The Ashland Homes For Sale Market Report

I would like to tell you I understand what's going on in Ashland - but I'm not sure I do.  Sales prices have been ahead of asking prices, which suggests a two-tiered market based on condition, but when we look at the underlying data in the next chart....

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

I see a sky high HSI, which means everything should be selling, and sellers should be pushing prices up.  They are not!  Off the cuff, it looks like some folks are getting bad advice on how good the market is in Ashland. 

What should potential home buyers do in Ashland?

Demand is super high, and supply is super low.  Make sure you add a couple of towns to your list, Ashland won't be easy. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Ashland?

I would be more aggressive with asking prices!! Every home and situation is different, but it looks to me like sellers are pricing at market, when the environment says they should be setting new highs.  Sellers are leaving money on the table, and that is not a great think to do!

Ashland Homes For Sale and Sold Market Statistics - MLS Data

  • The Ashland “Home Seller Index” (HSI): 391 Last Report: 388
  • There are 12 homes currently listed as For Sale by Home Sellers.
  • In Ashland there have been 89 houses sold in the last 6 months, and 61 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 18 days for the last 6 months of SOLD homes In Ashland.
  • Homes for sale have been looking for buyers for an average of 52 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $244 (vs. $248 in the last report)
  • Current home sellers are looking for $243/sq foot
  • There was an Average Sold Price of $477,038.
  • Ashland, MA, has 1 property advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Ashland, MA
July 26, 2019

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

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

July

The Worcester Homes For Sale Market Report

Many of the recent reports have featured doom and gloom.  Not this one!!  Prices asked and paid in Worcester march higher. 

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

There's no mystery as to why.  Look at the steady fall of properties on the market. It continues to fall, and the HSI is approaching 250, as the transaction volume is swamping the available supply.  

What should potential home buyers do in Worcester?

Home buyers should brace for bid wars and super competitive situations for many properties.  They should also be warned that some properties are going to get more then they are worth, as home buyers who are on a timeline out bid others for homes that are high risk, or in risky locations.  Don't assume popular is an indicator of fair value.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Worcester?

Great time to sell! Honestly, I not sure how much better it could get, if you are in Worcester.

Worcester Homes For Sale and Sold Market Statistics - MLS Data

  • The Worcester “Home Seller Index” (HSI): 245 Last Report: 199
  • There are 120 homes currently listed as For Sale by Home Sellers.
  • In Worcester there have been 778 houses sold in the last 6 months, and 519 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 33 days for the last 6 months of SOLD homes In Worcester.
  • Homes for sale have been looking for buyers for an average of 70 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $175 (vs. $164 in the last report)
  • Current home sellers are looking for $174/sq foot
  • There was an Average Sold Price of $258,396.
  • Worcester, MA, has 4 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Worcester, MA
July 25, 2019

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

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

July

The Westborough Homes For Sale Market Report

Looking at the the sellers asking price line, we see that the seller in Westborough have also reduced their expectations.  Home buyers, however, are really digging in, and we are actually seeing a small pullback.  As the number of competitive bids has thinned out, that surge in purchase price has quickly stopped.

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

In this case, the prices seem to be telling a more meaningful story than the underlying data.  The HSI still looks good!  But the transactions are falling - reaching lower higher, and lower lows, each year for 3 years.  That is what demand softening looks like. 

What should potential home buyers do in Westborough?

Home buyers should recognize that things are still good for sellers - under-priced homes will sell quickly - but there is no need to chase overpriced homes - they are unlikely to sell quickly.  Most buyers in Westborough are demanding discounts for homes that need work, and sellers are cutting prices to meet their expectations. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Westborough?

Home sellers need to do their very best to price right and get the home ready.  Failure to do so could mean a 2-4 month sale cycle - not 1-2 weeks - like it has been for several years.

Westborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Westborough “Home Seller Index” (HSI): 140 Last Report: 169
  • There are 45 homes currently listed as For Sale by Home Sellers.
  • In Westborough there have been 92 houses sold in the last 6 months, and 71 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 64 days for the last 6 months of SOLD homes In Westborough.
  • Homes for sale have been looking for buyers for an average of 51 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $226 (vs. $230 in the last report)
  • Current home sellers are looking for $240/sq foot
  • There was an Average Sold Price of $547,007.
  • Westborough, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Westborough, MA
July 24, 2019

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

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

July

The Upton Homes For Sale Market Report

Upton, like Southborough, has seen a steady rise in prices, but never really got crazy.  It's up 25% from the lows, which is great.  Sellers though, have lost their optimism.  Basically, since we've been tracking, the sellers have listed far in advance of prices that buyers will willing to pay.  No longer.  Seller motivation wins out - they are coming down to meet the market. 

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

Just a little increase in homes for sale has whacked down the HSI.  This is July, also, when really the inventory should be a bit thinner.  September is going to be interesting!  Want to know if a recession is coming?  We will probably see it here in these charts.  

What should potential home buyers do in Upton?

Home buyers shouldn't chase properties, and should be aggressive in home inspection negotiations.  Sellers are willing to work with home buyers in Upton.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Upton?

Home sellers should recognize that with average market time at 52 days and climbing, this market is cooling off.  Finding buyers isn't easy, and you need to have your home priced right and ready to go if the plan is a quick sale.

Upton Homes For Sale and Sold Market Statistics - MLS Data

  • The Upton “Home Seller Index” (HSI): 121 Last Report: 196
  • There are 28 homes currently listed as For Sale by Home Sellers.
  • In Upton there have been 57 houses sold in the last 6 months, and 39 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 52 days for the last 6 months of SOLD homes In Upton.
  • Homes for sale have been looking for buyers for an average of 77 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $199 (vs. $199 also in the last report)
  • Current home sellers are looking for $204/sq foot
  • There was an Average Sold Price of $463,031.
  • Upton, MA, has 0 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!.

Top Reads at Heisler & Mattson Properties

Posted in Upton, Ma
July 23, 2019

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

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

July

The Southborough Homes For Sale Market Report

Southboro reflects many of the recent charts we have looked at.  Inventories up, more than a little, and buyers pulling back on prices and sellers quickly coming down to meet the market.  None of that "hell or high water" on price from these sellers.  They are cutting quickly and often.  Buyers looked to me poised to find value. 

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

The HSI says it all here - it jumps straight down and breaks 125.  Southborough hasn't seen the crazy push that Framingham and Natick and Hopkinton and Marlborough have seen.  It's been pretty steady and unspectacular.  Prices have moved up steadily though. 

What should potential home buyers do in Southborough?

Southborough is a small town, so a big jump in inventory doesn't really feel like anything really.  It won't help your cause as much as in other towns.  But being patient will help you find the right house at the right price.  With bid wars thinning out, you can be less aggressive - you might be the only one at the table. 

What should future home sellers do in Southborough?

Reaching for a price in this environment won't work.  You need to look where the market was and be there.  The fall could lead to a pull back, and if you start to high you'll be out there for 4 months or more. 

Southborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Southborough “Home Seller Index” (HSI): 121 Last Report: 173
  • There are 51 homes currently listed as For Sale by Home Sellers.
  • In Southborough there have been 85 houses sold in the last 6 months, and 63 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 70 days for the last 6 months of SOLD homes In Southborough.
  • Homes for sale have been looking for buyers for an average of 102 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $252 (vs. $256 in the last report)
  • Current home sellers are looking for $259/sq foot
  • There was an Average Sold Price of $721,797.
  • Southborough, MA, has 0 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!.

Top Reads at Heisler & Mattson Properties

Posted in Southborough, MA
July 22, 2019

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

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

March

The Shrewsbury Homes For Sale Market Report

This chart - which shows buyers are no longer pushing prices up in Shrewsbury - doesn't surprise me.  It has felt all spring like the seller's command of the market was slipping.  And the proof is here.  No longer willing to bid up prices, prices have stayed flat - and it's the sellers who have had to come meet the market. 

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

A bit of a surprise here- the transactions had quite the dip.  They are off the highs, but well off that quick dip, where things had trouble moving. The HSI is headed to 100, showing that things have really cooled off.  Panic time for sellers?  Hardly, but early warning rumbles are right here. 

What should potential home buyers do in Shrewsbury?

Home buyers should be aware there are choices and some sellers will be out there too long.  Best advice here is to find home sellers who "messed up" on the price and now have to cut to find a buyer.  Buyers in Shrewsbury have gotten in the (bad) habit of ignoring properties that don't sell in the first weekend.  That's a mistake!  Now some of those will be your best values - if you know how to get it.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Shrewsbury?

Home sellers should recognize that they will have competition, no matter how wonderful their property.  Buyers are no longer bidding things up, so a different strategy will need to take hold.  Be aware things are different, and the getting a quick sale will be harder than it has been previously.

Shrewsbury Homes For Sale and Sold Market Statistics - MLS Data

  • The Shrewsbury “Home Seller Index” (HSI): 124 Last Report: 214
  • There are 102 homes currently listed as For Sale by Home Sellers.
  • In Shrewsbury there have been 219 houses sold in the last 6 months, and 52 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 59 days for the last 6 months of SOLD homes In Shrewsbury.
  • Homes for sale have been looking for buyers for an average of 72 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $225 (vs. $225 also in the last report)
  • Current home sellers are looking for $228/sq foot
  • There was an Average Sold Price of $486,289.
  • Shrewsbury, MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Shrewsbury MA
July 21, 2019

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

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

July

The Sutton Homes For Sale Market Report

We've seen a number of towns where inventory has ticked upward, in some cases, noticeably.  Sutton is not that town!  Inventory remains tight.  Not surprisingly, with such limited choices, prices in Sutton have moved significantly higher.  The worcester suburbs are going to keep moving until the cycle ends, just as they did last time, and continue to catchup with the towns to their east. 

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

Note the HSI continues to hang around the highs since we've been tracking, although transaction volume has fallen slightly.

What should potential home buyers do in Sutton?

Home buyers should be vigilant and move quickly. The best properties are moving quick and often going competitive.  Even homes that need a lot of work are moving, that's why prices are still moving up.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Sutton?

With prices at or near all time highs, it's a good time to sell in Sutton!  Buyers are working with anyone who has something priced right.  If you want to get a bid war going, make sure your property is ready to go and staged to show off its best features. 

Sutton Homes For Sale and Sold Market Statistics - MLS Data

  • The Sutton “Home Seller Index” (HSI): 158 Last Report: 137
  • There are 22 homes currently listed as For Sale by Home Sellers.
  • In Sutton there have been 66 houses sold in the last 6 months, and 54 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 91 days for the last 6 months of SOLD homes In Sutton.
  • Homes for sale have been looking for buyers for an average of 65 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $189 (vs. $191 in the last report)
  • Current home sellers are looking for $206/sq foot
  • There was an Average Sold Price of $404,752.
  • Sutton, MA has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties 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!.

Top Reads at Heisler & Mattson Properties

Posted in Sutton, MA