April

The Northborough Mass Homes For Sale Market Report and Statistics

OK!  With the Natick chart behind us, we can start looking at the impact to the west.  Northborough, however, is pretty much in agreement with Natick.  Prices are down, and sellers are moving down also. 

Can’t see the chart? You can find it Here .

When we look at the detail data, its the drop in activity.  The HSI has dropped significantly, and part of it is that the market is a bit - just a little - more crowded, with homes sitting a little longer.  But the reason they are sitting is fewer buyers, or at least fewer motivated buyers.  This first quarter was really active, so these drops are a little surprising, even to me.  But they are there, and the data is the data.

What should potential home buyers do in Northborough ?

Obviously, if prices were to continue to fall, the play here is to wait it out for a bit.  But it's not obvious anything here is a definitive trend.  This could be the market returning to a more seasonal, less upward trending phase - or it could be the start of a pullback.  Neither is for sure with the data we have now. 

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What should future home sellers do in Northborough ?

Prices are still good, but you can no longer just put a sign in the ground and get it to sell.  Buyers are getting pickier, and the prices of last year aren't here right now.

Northborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Northborough “Home Seller Index” (HSI): 152 Last Report:137
  • There are 30 homes currently listed as For Sale by Home Sellers.
  • In Northborough there have been 87 houses sold in the last 6 months, and 44 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 61 days for the last 6 months of SOLD homes In Northborough.
  • Homes for sale have been looking for buyers for an average of 85 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 207 (vs. 225 in the last report)
  • Current home sellers are looking for $ 228 /sq foot
  • There was an Average Sold Price of $ $693,383 .
  • Northborough , MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

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