January

The Southborough Homes For Sale Market Report

With the real estate market likely headed to a time of transition, were' going to re-focus on the market reports - and see if we can spot the changes as they are happening.  

Southborough looks good to start the year.  Inventory lows and a high HSI means the run isn't over - yet.  Transaction volume remains firm.  

 

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

As we look at prices, we see sellers remain optimistic that prices will continue their recent run.

What should potential home buyers do in Southborough?

Buyers are still being aggressive for homes they like.  But they are showings signs of being pickier - the houses that haven't sold are on 180 days+.  That means if the price is wrong, buyers are sticking to current price levels, and betting that prices aren't going up.  I am not sure they are right in Southborough, but we will see when the spring inventory comes. 

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What should future home sellers do in Southborough ?

Certainly, if you are thinking of downsizing, the prices that folks are getting should be all the incentive you need.  With inventory still thin, you can have a quick sale at top dollar - if you get your timing right this spring. 

Southborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Southborough  “Home Seller Index” (HSI): 173 Last Report: 170
  • There are 23 homes actively listed as For Sale for Home Buyers.
  • In Southborough there have been 71 houses sold in the last 6 months, and 29 homes sold in the last 3 months.
  • The Average number of Days on Market was 40 days for recently SOLD homes In Southborough.
  • Homes for sale have been sitting for an average of 187 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $256  (vs. $220 in the last report)
  • Current home sellers are looking for $274 /sq foot
  • There was an Average Sold Price of $ 764,900 .
  • Southborough, 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.

Matt’s Got More

Realtor Matt’s got lots more you to check out if you are planning to buy or sell a home. Why not look here, and find out a lot more about Radon, New Construction, Title V, House Styles, Town Assessments, MCAS scores, and even some tips to get the best rate possible on your mortgage.

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