The Marlborough Homes For Sale Market Report

I can't help but point this out in the chart. Look at the green line here, which tracks the number of homes that are for sale. Looks like the stock market in 2009, right? Well, when that line goes down, prices - and buyer activity - go up. That's what I track with the red line, and you can see that last year, our HSI

 

 

was down to a fairly middle of the road 72. Blah. But this report we check in with a scorching 102, probably a best for Marlborough. Can't last though, as inventory levels have dropped so low that without any new houses,

this number is bound to cool off - just as we've seen in a number of towns in the last few reports.

 

So why the sudden uptick in Marlborough? Well with prices rising in other towns - and Marlborough about the same as it was last year- it's looking like a bargain right now (and it is, frankly). Buyers are pretty smart, and when they see bargains, they move in, until prices adjust. They haven't -yet - but I would expect a jump in Marlborough prices by the end of the year, based on what we're seeing.

 

So potential home sellers! Get out there and ask about what the market might do for you this year - the message could be positive. Home Buyers: Marlborough is still a value, but it may not stay that way for long, so don't wait around.

 

Marlborough Houses For Sale and Sold Market Statistics - Raw MLS Data

 

Even Pink Houses are Selling right Now in Marlborough

• There are 77 homes listed as For Sale in Marlborough .
• There have been 139 houses sold in the last 6 months, and 76 homes sold in the last 3 months.
• The Average number of Days on Market was 106 days for just SOLD homes.
• There is an Average Market Time of 189 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $152 (vs. $157 )
• There was an Average Sold Price of $280,346 for sold homes.
• Marlborough has 3 properties (vs. 9 in the last Marlborough report) advertised as lender owned/foreclosure (typically foreclosure) .
• Marlborough has 9 properties (vs. 11) advertised as a short-sale is going to be needed by lender .
• Marlborough “Home Seller Index” (HSI): 102 Last Report: 92

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

Do Good Things Today! Matt Heisler

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.