The Northborough Homes For Sale Market Report

 

Northborough has slowed down a little, but the lack of inventory is what is really constraining the market. With just 101 days on average for sold home, the demand has stayed good. Sales are down, but actives are also down - just 68 - which is a new low. Those looking in Northborough are not finding a lot of options, especially since about 20 of those 68 are in pending. Here's the chart.

 

Unlike last time, we are seeing the sales (the yellow line) follow the active line (the green line). That's what we see when there's not enough houses! A market getting softer would show the active line moving up, but that's not what we see.

 

In another note, the number of short-sale is up - probably reflected optimism that banks will help them shed their debt. I agree with that - I think Banks are getting smart about getting the debt off their books.

 

 

 

 

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

Still got some Turkey left?  There's probably more turkey than home sellers in Northborough, as the best birds have been bought.

 

• There are 68 homes listed as For Sale.
• There have been 101 houses sold in the last 6 months, and 44 homes sold in the last 3 months.
• The Average number of Days on Market was 101 days for just SOLD homes.
• There is an Average Market Time of 165 days of the homes For Sale (currently for sale).
• The Dollars paid per Square Foot in Northborough is $176 (vs. $172 in the last report )
• There was an Average Sold Price of $385,362 for sold homes.
• Northborough has 2 properties (vs. 3) advertised as lender owned/foreclosure (typically foreclosure) .
• Northborough has 8 properties (vs. 5) advertised as a short-sale is going to be needed by lender .
• Northborough “Home Seller Index” (HSI): 91 Last Report:100

 

 

*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.

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