Overview of the Natick Housing Market
Well it looks like the dearth (that means lack of) homes for sale in Natick is finally eating away at the torrid market. The HSI fell to a (still totally scalding) 113 from the 136 level that it's been at for two reports in a row. But sellers of homes in Natick need not worry - the market is just as hot as it's ever been. With a DOM of 72 days (dropping another 10%) if you're home is priced right, it's G-O-N-E.
Amazingly, I'm not seeing prices go up as much as they should be - but maybe we won't see those price increases until the closes at the end of June (we're looking at Nov-April's closing prices in this report as the most recent). Having trouble selling? You shouldn't be. Having trouble buying? Get aggressive - or end up with no house.
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No change on the foreclosure short-sale market - still no evidence of the "shadow inventory" coming home to roost in Metrowest. Natick is actually a town that could use some inventory, so if there are some foreclosures coming, I hope they happen in Natick soon.
Natick Housing Market Statistics - Raw MLS Data
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- There are 87 homes (vs. 57 in the last Natick Homes For Sale Report) listed as For Sale.
- There have been 159 houses sold (vs. 152) in the last 6 months, and 93 homes sold (vs. 85) in the last 3 months.
- There was an Average Market Time of 72 days (vs. 80) for just SOLD homes.
- There is an Average Market Time of 108 days of the homes For Sale.
- The Dollars paid per Square Foot in Natick is $226 (vs. $228 )
- There was an Average Sold Price of $436,432 for sold homes.
- Natick, MA has 1 properties (vs. 1) advertised as lender owned/foreclosure (typically foreclosure) .
- Natick, MA has 3 properties (vs. 3) advertised as short sale is going to be needed by lender .
- Natick, MA “Hot Seller Index” (HSI): 113 Last Report: 136
*All statistics are for Single Family Houses and based on data in MLS.
Read my Explanation for Massachusetts Home Data Reports.
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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.
