Homes For Sale in Shrewsbury Market Report

 

I remember the days, back in the doldrums, when Shrewsbury had over 400 active listings. It's not on the chart, it was before I began blogging, but it wasn't that long ago. 2006 maybe? 2007?

 

Those days are long over. Take a look at the trend of the green line. Falling from a high of 212 (but before that much higher), all the way down to 97. No surprise this leads to a record HSI of 151.  HOT.

 

Note: The chart above updates automatically with each new real estate market post, so make sure the comments you are reading line up with the time the post was published.

But as we've seen elsewhere, the falling number of homes for sale is not stopping buyers - they are buying what remains, with over 200 sales in the past three months, they have been busy, busy. As expected, the demand imbalance has lead to rising prices, as we have seen else where across the spectrum of towns that I cover.

 

No foreclosures on the market in Shrewsbury, and the short-sales are dwindling, as the housing stock fills up with less distressed buyers. Prices are up, but not as sharply as in some towns, but with an imbalance like the current one, we will see prices continue to move higher.

 

 

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

 

• Shrewsbury “Home Seller Index” (HSI):151 Last Report: 84
• There are 97 homes listed as For Sale in Shrewsbury.
• There have been 277 houses sold in the last 6 months, and 212 homes sold in the last 3 months.

  The home sale market is HOT in Shrewsbury.

• The Average number of Days on Market was 88 days for just SOLD homes.
• There is an Average Market Time of 131 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $177 (vs. $169 )
• There was an Average Sold Price of $419,010 for sold homes.
• Shrewsbury ,MA, has 0 properties (vs. 1 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
• Shrewsbury has 3 properties (vs. 7) 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. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

 

 

More Great Reads!

• Which is better, 2x4 or 2x6 home construction?
• What are the types of foundations we find in housing, and what should I know about them?
• How do I get the seller to pay my closing costs, and is it free money?
• What is pre-paid PMI, and is it a good deal?
• How do I get rid of PMI on my mortgage payment?
• How do I prepare for getting ready to buy a house?
• When Should I do a Lead Paint Test on my Home

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.