- Northborough has 54 (vs. 57 in last Northborough Home Sales report) homes listed as Active
- Northborough had 49 (vs. 53) houses sold in the last 6 months, and 20 homes sold in the last 3 months
- Northborough has an Average Market Time of 155 days (vs. 153) for SOLD homes
- Northborough has an Average Market Time of 180 days for ACTIVE homes
- Northborough has an Average Sold Price of $ 368,343 for sold homes
- Northborough has zero properties advertised as lender owned (foreclosed)
- Northborough has 4 properties advertised as short-sales
Question about the terms used here? Check my Explanation for Massachusetts Home Statistics. All statistics are for Single Family Homes.
Analysis of Housing Market Statistics
Northborough , Massachusetts has seen the market weaken a bit statistically, but look for that to change sharply in the next report, as I noticed a good chunk of the actives are pending and will be sold by then. Like many towns covered here, the inventory is really, really low in Northborough, and I'll be watching the inventory numbers very closely to see how much pressure will be on the market this spring. No foreclosed properties noted in Northborough, tracking the shadow inventory will also be a focus here in 2011. No evidence of it here though. Sellers: Be cautiously optimistic, as Northborough is pretty balanced, and is certainly a salable location, but the market has slowed down in the last three to four months, so be prepared to wait a bit. Buyers: Not much selection here, and some price ranges won't have many choices. But some homes on the market are really looking to sell, so there could be some opportunities here as well.
ALL REAL ESTATE IS LOCAL! Check out my Northborough Local Page for More information on Northborough.
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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 10 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.
