Analysis of Marlborough Housing Market Statistics
Another town with a large jump in the Hot Seller index, as the strong summer for sellers in Metrowest continues to drive the inventory down. More interesting, it definitely seems to be buying activity pushing inventory levels down, as the really desirable properties have moved fast. I expect, based on the pendings, that Marlborough will continue to show strength in the next report. Buyers: There's still a good inventory in Marlborough, but not in all price ranges. Be prepared for neighborhood homes in good condition to draw lots of attention.
Marlborough Housing Market Statistics - Raw Data
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Marlborough has quickly changed direction and favors neither buyers or sellers. |
- There are 142 homes (vs. 152 in last Marlborough Home Sales Report) listed as For Sale.
- There have been 138 houses (vs. 109) sold in the last 6 months, and 94 homes (vs. 64) sold in the last 3 months.
- There was an Average Market Time of 132 days for just SOLD homes.
- There is an Average Market Time of 176 days of the homes For Sale.
- There was an Average Sold Price of $285,514 for sold homes.
- Marlborough “Hot Seller Index”: 81 Last Report: 72
*All statistics are for Single Family Homes.
Read my Explanation for Massachusetts Home Data Reports.
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Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 20 years. He has given several talks on real estate, including presentations on first-time buyer tips & tricks, and profiting in real estate investing in Massachusetts. As a Vanderbilt University alumnus, he is proud to serve his local community. *All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
