Homes For Sale in Shrewsbury Market Report

Shrewsbury is up, and as one of the larger towns we cover, is usually a good barometer of the mood out there for buyers and sellers. Here's what we see:

The Home Selling Index is down - but with very little to buy in Shrewsbury, that's going to happen.

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

Hmmm...

 

We see a lower HSI (but not exactly "low" at 147. We see inventory at 64 homes - less than 25% of where we started in 2011. Overall though, there's two numbers that jump out to me. The first is prices - prices continued to move higher, to $190/ sq foot. That tells me buyers aren't taking their foot off the gas in Shrewsbury. If they like it, they are paying the price. Also worth noting was the high (relatively) days for sale of the properties that are currently on the market. At 173, that's getting up there, so I did some additional research. There's one property that's been on the market for 2000+ days. If I take that out, we drop to 140. That makes more sense. OK, no big deal.

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Hopefully the sellers are ready to get out there. Looks to me like the market could use some home sellers in Shrewsbury.

 

 

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

 

  • Shrewsbury‘s “Home Seller Index” (HSI): 147 Last Report: 174
  • There are 64 homes listed as For Sale.

    Home Sellers are getting higher prices in

    Shrewsbury, MA
  • There have been 214 houses sold in the last 6 months, and 103 homes sold in the last 3 months in Shrewsbury.
  • The Average number of Days on Market was 92days for just SOLD homes.
  • There is an Average Market Time of 173 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $190 (vs. $186 )
  • There was an Average Sold Price of $429,339 for sold homes.
  • Shrewsbury, MA, has 2 properties (vs. 2 in the last report) advertised as lender owned or foreclosure (typically foreclosure) .
  • Shrewsbury has 1 properties (vs. 2 ) 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!).

 

 

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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.