General Index 

The Boylston Homes For Sale Market Report

First report of 2015 is out! December was busy, and I gearing up for 2015 was a priority, so I am behind in my posting. But not for long! Let's get the first chart out of the way.

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

OK, Boylston is a small town, not a lot of transactions, but the key item to look at is the inventory line. I've already chatted with a number of my colleagues this year, and "lack of homes to see" is right on the top of the list. There were quite a few sales this fall - there's more than one busy season you know - and that combined with some seasonal pull offs, have left a dearth of homes on the market. I think this trend will home, but Boylston is an extreme example, as this report is actual a record for minimal inventory.

What should active home buyers do in Boylston?

Ack, you'll need to wait for more stuff most likely. With just 14 homes on the market, it's awfully thin. Hope you have a back up town, and hope that the amount of snow we get remains minimal.

What should potential home sellers do in Boylston ?

I would think about getting out there! Buyers are moving and grooving and looking at homes. They are still getting their bearings for 2015, but it's going to be busy. Prices have jumped in Boylston, showing that buyers are being aggressive, and that's a good time to be out there. Really, Boylston - hit hard in the downturn - has rebounded spectacularly, as you can see in this detail chart.

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

• Boylston‘s “Home Seller Index” (HSI):135 Last Report: 90
• There are 14 homes listed as For Sale.
• There have been 38 houses sold in the last 6 months, and 24 homes sold in the last 3 months in Boylston.
• The Average number of Days on Market was 93 days for just SOLD homes.
• There is an Average Market Time of 153 days of the Boylston homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged 176 (vs. 168 in the last report)
• Current sellers are looking for $177/sq foot
• There was an Average Sold Price of $418,447 for sold homes.
• Boylston, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 1 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Clinton Homes For Sale Market Report

Clinton checks in with a continued improvement overall, with the HSI setting a record. Clinton was one of a few towns that had a great 2015, after not doing so well in 2014. Sudbury is also in that mix. There are some odd things about the Clinton data though, and they have to do with the fact that the sellers on the market are looking for $11 LESS than the average sale price, and yet they've been on the market over twice as long. What that tells me is that the investor market hasn't found Clinton yet, and the properties that are really banged up are getting left behind.

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

What should active home buyers do in Clinton?

Recognize that the market is moving quickly, and young properties in good condition are selling at or near list price when appropriately valued. With so few houses on the market, there probably aren't any winners right now, but they will be coming on at some point - wait and see is probably what you need to be doing.

What should potential home sellers do in Clinton?

As we saw in Boylston, there's not enough good homes for sale. If your home will stand out, there are buyers waiting for you. Prices have moved up 25% in two years, so if you think your house won't sell at the price you need, call me and ask again.

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

• Clinton‘s “Home Seller Index” (HSI):132 Last Report: 125
• There are 26 homes listed as For Sale.
• There have been 65 houses sold in the last 6 months, and 30 homes sold in the last 3 months in Clinton.
• The Average number of Days on Market was 69 days for just SOLD homes.
• There is an Average Market Time of 162 days of the Clinton homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged 151 (vs. 148 in the last report)
• Current sellers are looking for $ 140 /sq foot
• There was an Average Sold Price of $237,387 for sold homes.
• Clinton, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 2 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

Homes For Sale in Grafton Market Report

Grafton checks in with a pretty positive report. This time of year, we often see a good surge of listings, and we've seen some hesitancy from the buyers - they aren't jumping at new listings like they were last year. That should translate to a softer market, but that's not what we see here:

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

What we see is a market where the houses that have sold are up in volume, the listings for sale are down in volume, and prices are up, after falling in the last report.  Things are tightening, and the HSI is already moving up in Grafton.

What should home buyers do in Grafton

Home buyers should be aware that there is some new construction in Grafton, and there's enough of it where you might be able to negotiate a bit with the various entities. Outside of the new construction market, things are pretty tight. The market is not crazy, you shouldn't have to chase too many properties, but it is competitive and things are moving.

What should home sellers do in Grafton

Home sellers should recognize that the houses that offer the best condition and locations will get outsized attention, and will move quickly. That means some will move the first week, some will move the first month. If your condition isn't up to snuff, then you'll likely be at a lower price point as buyers look for deals on the lower end of the market.

Grafton Recent Houses For Sale and Sold Market Statistics - Raw MLS Data

• Grafton‘s “Home Seller Index” (HSI): 109 Last Report: 105
• There are 74 homes listed as For Sale.

  Spring is here!  Took long enough....

• There have been 142 houses sold in the last 6 months, and 90 homes sold in the last 3 months in Grafton.
• The Average number of Days on Market was 98 days for just SOLD homes.
• There is an Average Market Time of 287 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $177 (vs. $174 )
• There was an Average Sold Price of $414,475 for sold homes.
• Grafton, MA, has 1 properties (vs. 2 in the last report) advertised as lender owned or foreclosure (typically foreclosure) .
• Grafton has 2 properties (vs. 5) advertised as a short-sale is going to be needed by lender.

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Berlin Homes For Sale Market Report

We will take a quick look at Berlin, with the standard note that the data is so limited here that we should always be precautionary before making any hard and fast conclusions.

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

The main numbers I look at here are transaction volume, which remain strong. Prices look to be down, but one or two houses could really throw off that number. Overall, sales are out pacing actives by either 2 or 3 to 1, which is a lot, and will put pressure on prices and overall is very positive for sellers.

What should active home buyers do in Berlin ?

Be patient! It's a very limited market. If you're in a hurry, make sure you include other towns in your search. If Berlin is the goal, make sure you have a long time horizon.

What should potential home sellers do in Berlin ?

Prices have stalled a bit, but they may be primed to resume. Make sure you've done what you can do to get your house ready for sale, to make it show the best. Also, check closely how much competition you have. If you have very little, you may be able to reach for prices.

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

• Berlin ‘s “Home Seller Index” (HSI):161 Last Report: 109
• There are 8 homes listed as For Sale.
• There have been 22 houses sold in the last 6 months, and 12 homes sold in the last 3 months in Berlin.
• The Average number of Days on Market was 46 days for just SOLD homes.
• There is an Average Market Time of 136 days of the Berlin homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $159 (vs. $169 in the last report)
• Current sellers are looking for $170/sq foot
• There was an Average Sold Price of $404,198 for sold homes.
• Berlin ,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 2 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Worcester Homes For Sale Market Report

The Worcester report is always an important one due to the amount of data and the effect it has on the surrounding communities. The second biggest city in Massachusetts, it has a large impact on the communities around it. It's a trailing indicator though, as it often lags communities further east.

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

What do we see? The trends remain in place. Sales volume is strong, inventory is tight (but not as tight as last year) and prices are moving up in a steady, rational manner. Also, in the last report, we saw a bunch of bank impacted inventory come one, and while it's still high, it's gone back down the the previous ratios.

What should active home buyers do in Worcester ?

Be knowledgeable about the area you are looking in - Worcester has many sub-markets, that move differently than the collected averages here. Prices could be higher or lower, and property could be moving faster or slower. Worcester is tricky, and buyers should be cautious, but overall the trends are positive.

What should potential home sellers do in Worcester ?

PRices continue to move up, so if you're looking to move out, next year could be the year.

Certain neighborhoods are moving briskly for homes in good condition, and you'll have a good chance of success in 2015.

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

• Worcester ‘s “Home Seller Index” (HSI): 109 Last Report: 106
• There are 342 homes listed as For Sale.
• There have been 690 houses sold in the last 6 months, and 394 homes sold in the last 3 months in Worcester.
• The Average number of Days on Market was 73 days for just SOLD homes.
• There is an Average Market Time of 125 days of the Worcester homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $127 (vs. $123 in the last report)
• There was an Average Sold Price of $196,150for sold homes.
• Worcester, MA, has 14 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 41 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Westborough Homes For Sale Market Report

Let's check in with Westborough, and see if it remains hot.

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

It does! Very few available properties, a lot of recent sales should lead to rising prices, and we do see that Westborough has kept moving up the price chart.

What should active home buyers do in Westborough ?

Home buyers should be aware that choices are thin - and there's still a lot of active competition. Buyers are looking to take on risk in Westborough, and properties are moving quickly and at good prices compared to last year.

What should potential home sellers do in Westborough ?

Home sellers should expect a bright spring. With so few houses on, things could

continue to move briskly and at the best prices in years. That's not to say that prices won't take a pause here - they might, and the rate of change has slowed down, but overall, the odds favor continued bullishness for sellers in the housing market.

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

• Westborough ‘s “Home Seller Index” (HSI): 153 Last Report: 119
• There are 33 homes listed as For Sale.
• There have been 128 houses sold in the last 6 months, and 62 homes sold in the last 3 months in Westborough.
• The Average number of Days on Market was 49 days for just SOLD homes.
• There is an Average Market Time of 150 days of the Westborough homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $200 (vs. $196 in the last report)
• Current sellers are looking for $207 /sq foot
• There was an Average Sold Price of $467,933 for sold homes.
• Westborough ,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 1 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Upton Homes For Sale Market Report

Checking in to Upton, we see that Upton, like lots of places, is seeing an increase in inventory over last year. Unlike a lot of places, Upton really hasn't see the price appreciation that other places have. Translation: There are still good deals in Upton, but you need to be very careful! Why? Well it has to do with the metric I've been collecting over the past months. We'll get to that in the second chart.

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

What should active home buyers do in Upton ?

If you look at the chart below, $/sq foot has remained steady at about $170/sq foot. But the red line shows what the average seller is expecting - and that has risen sharply. Basically, looking at the two charts, we see that buyers have been smart about purchasing the value properties, while the more expensive properties have not sold. This doesn't mean every house on the market is too high - but it suggests that many of them are too high in price - and that buyers choosing "best available" could be paying a premium over buyers in the recent past. It's worth noting that the gap between expectations and sale prices is among the highest I've seen in the short time I've been collecting the metric.

What should potential home sellers do in Upton ?

Many sellers are too high right now, but buyers are moving on properties priced fairly. Don't reach for a price, and you'll be rewarded with a short sales cycle (just 55 days in Upton) as buyers remain motivated.

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

• Upton ‘s “Home Seller Index” (HSI): 91 Last Report: 100
• There are 36 homes listed as For Sale.
• There have been 62 houses sold in the last 6 months, and 28 homes sold in the last 3 months in Upton.
• The Average number of Days on Market was 55 days for just SOLD homes.
• There is an Average Market Time of 163 days of the Upton homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $169 (vs. $170)
• Current sellers are looking for $196 /sq. foot
• There was an Average Sold Price of $385,291 for sold homes.
• Upton, MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 1 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Sutton Homes For Sale Market Report

The Sutton home sales report checks in with a few surprises. Let's check them!

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

First off, the HSI has it's second strongest showing in Sutton so far, and that typically means the market is headed up. Prices, in fact, have really moved, as buyers have clearly like the price point in Sutton. It took a while for the real estate recovery to catch up to the Worcester suburbs, but with strong reports in Clinton, Sutton, and several other more rural burbs, that is what we are seeing.

What should active home buyers do in Sutton?

Seller's aren't crazy with what they are asking, and with prices on a run, things may feel expensive, but they aren't too much. It's not likely there will be a pull back here- there's pricing pressures all around, and Sutton probably will either hang around here or continue to push up.

What should potential home sellers do in Sutton?

Now is a great time to start planning for 2015. The market in Sutton looks good, homes for sale are low, and while the spring could still be modest, prices should hold where they are - near the highs we've been tracking.

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

• Sutton‘s “Home Seller Index” (HSI): 115 Last Report: 93
• There are 49 homes listed as For Sale.

  Things are looking very attractive for Sutton Home Sellers!

• There have been 74 houses sold in the last 6 months, and 46 homes sold in the last 3 months in Sutton.
• The Average number of Days on Market was 61 days for just SOLD homes.
• There is an Average Market Time of 138 days of the Sutton homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $179 (vs. $162 )
• Current sellers are looking for $178 /sq. foot
• There was an Average Sold Price of $379,860 for sold homes.
• Sutton, MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 1 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Sudbury Homes For Sale Market Report

The run in Sudbury may be coming to an end, but it was a heck of a run. Let's look at the warning signs.

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

You won't find the weakness in the HSI, that's actually up. But we've reached a tipping point in sales (they are slowing down) and the seller's are asking very high home prices from the current effective sales rate - almost 10% above where the recent closings are.

Significantly higher prices usually will stall a market advance, and that's what's in store here. If buyers keep the pressure on, expect to see higher prices in Sudbury, but I think a pull back in sales volume is more likely.

What should active home buyers do in Sudbury?

Well, you'll have to wait it out from here. The value properties are few and far between at this point. You are at great risk of overpaying by shopping in Sudbury right now.

What should potential home sellers do in Sudbury?

It's probably not a great time to list - but if you do - list closer to where the sale prices are - not the actives. You'll be perceived as a value, and with homes selling in an average of 46 days, you could move quickly, even this time of year.

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

• Sudbury‘s “Home Seller Index” (HSI): 154 Last Report: 144
• There are 74 homes listed as For Sale.

  Home Sellers have moved their expectations sky-high, it's not clear the market will meet them.

• There have been 191 houses sold in the last 6 months, and 90 homes sold in the last 3 months in Sudbury.
• The Average number of Days on Market was 46 days for just SOLD homes.
• There is an Average Market Time of 125 days of the Sudbury homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $246 (vs. $251 )
• Current sellers are looking for $263/sq foot
• There was an Average Sold Price of $767273 for sold homes.
• Sudbury, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 1 properties advertised as a short-sale is going to be needed by the lender.

*All statistics 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!).

Most Googled Postings!!

• Quick reference guide for buyers and sellers
• Current Massachusetts Carbon Monoxide (CO) Detector Laws Explained. Read -before - you go to the hardware store.
• How do I calculate true mortgage closing costs?
• How can a 203K help me purchase a home that needs work?
• How do Home Property Assessments Relate to Real Estate prices? Should I use them for a valuation?
• A look at some of the most expensive towns to buy real estate in Massachusetts.
• What is a mortgage commitment letter and why is it important?

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.

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

The Southborough Homes For Sale Market Report

When we look at Southborough, everything looks pretty rosy, except for one statistic. Prices. Prices have plummeted from $218 to $200 a square foot. Whenever I see a data anomaly like that, I ask myself first: Does that make sense?

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

Let's remember the data set in Southborough is on the smaller side. When we look at all the other metrics, Velocity (how fast homes are selling) is up, Volume is up (home many homes are selling) and home inventory is down (just 44 on the market). Those are all positives, so it's no wonder that the HSI is up - at 132.

So what gives with prices? Well, there were some really low sales on a per/square foot basis, as distressed homes sold in the last batch of data. Within a small data set, if there are a larger number of them then typical (like 5 or 8), it could pull down the average per/sq foot price. Falling prices doesn't really seem to make sense with the current data set as a whole, but you can bet we'll be watching next cycle to see if there's a strong rebound, which we would expect.

What should active home buyers do in Southborough?

The distressed sales may mean that investors are moving in to rehab the houses. Overall, that's positive. But for buyers, it may make the fixer-upper a bit pricey. The other metrics show a fast moving market for homes priced right, and there's little inventory to choose from, so buyers still need to be aggressive in moving out there when they see something they like.

What should potential home sellers do in Southborough?

Home sellers should sit tight for now, as we're in the tail end of the season. With some mixed data in the set, probably makes sense to see the broader trend line before making a decision.

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

• Southborough's “Home Seller Index” (HSI): 132 Last Report: 110
• There are 44 homes listed as For Sale.
• There have been 88 houses sold in the last 6 months, and 49 homes sold in the last 3 months in Southborough.

  Home prices appear to be falling fast, but the other data suggests that it could be a red herring.

• The Average number of Days on Market was 54 days for just SOLD homes.
• There is an Average Market Time of 131 days of the Southborough homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $200 (vs. $218 )
• Current sellers are looking for 221 $/sq. foot
• There was an Average Sold Price of $60,6065 for sold homes.
• Southborough, MA, has 1 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 statistics 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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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.

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