Homes For Sale in Marlborough Market Report
The first report in February sticks with the existing trends for the most part. What continues to be the most important line on the charts is the inventory line, which tracks the numbers of homes for sale on the market. In Marlborough, it's at a new low: just 50 homes, down two-thirds from when we started tracking. For home buyers, that's not good!
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The falling number of homes for sale has the Marlborough Homes Market heated up, with no relief in site for home buyers. |
Can’t see the chart? You can find it Here .
But for home sellers, it's very good! And it often works that way. All the market numbers are trending the way of sellers, but we did see a flat reading on home prices (down $1), which I still thought would have been up.
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Marlborough for sure has not run up as much as all the towns that surround it. Sudbury, Southborough, Northborough have all had good price runs. That means despite the competition, buyers may still want to look at Marlborough for value, as it is likely to go on a run this year. With out more inventory, there are serious price pressures for sure in Marlborough.
Home sellers: Call me! Selling your home in Marlborough hasn't been this easy in almost 10 years.
Marlborough Houses For Sale and Sold Market Statistics - Raw MLS Data
- Marlborough‘s “Home Seller Index” (HSI):148 Last Report: 155
- There are 50 homes listed as For Sale in Marlborough.
Marlborough Home Sellers
are celebrating a fast moving
real estate market
- There have been 169 houses sold in the last 6 months, and 88 homes sold in the last 3 months.
- The Average number of Days on Market was 97 days for just SOLD homes.
- There is an Average Market Time of 171 days of the homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged $169 (vs. $170 )
- There was an Average Sold Price of $326,666 for sold homes.
- Marlborough,MA, has 3 properties (vs. 6 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
- Marlborough has 1 properties advertised (vs. 3) as a short-sale is going to be needed by lender.
*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).
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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.
