Shrewsbury Housing Market Statistics Overview
OK. Shrewsbury has been little changed since the last report. The number of active properties is down sharply - about 25% - but much of that is seasonal. It has been a good month for home sellers who've stuck it out though, I see a number of pendings that will come up on the next report. (Why? Read about Selling in December here) I know I've been very busy this December, so my holiday shopping is way behind, but busy in December (largely with buyers) tells me there's not much out there except a lot of unsatisfied demand.
The rate of sales in Shrewsbury hasn't moved really at all, and I think that's the
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key number this time of year. Likewise, Average time on market for Home Sales and Homes SOLD is steady. So Shrewsbury is competitive, but neutral, neither favoring buyers or sellers at this juncture.
Lastly, bit of a jump in lender owned property, worth watching, but at 4 out of 151 it's not really putting pressure on anything. And short-sales are down a bit, showing that banks are willing to move these properties. In the last year, Shrewsbury has sold 17 foreclosures and 12 short-sales, but 9 of those short-sales were in the second half, so it looks to me like banks are out there moving these properties again. They are being shunned by buyers - so they could be good deals for buyers who have the flexibility to deal with those issues.
Shrewsbury Housing Market Statistics - Raw MLS Data
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With all the Pending sales in Shrewsbury some buyers have decided to Buy Homes for Christmas. Take that Lexus! |
- There are 151 homes (vs. 212 in the last Shrewsbury Home Sales Report) listed as For Sale.
- There have been 187 houses (vs. 173) sold in the last 6 months, and 94 homes sold (vs. 113) in the last 3 months.
- There was an Average Market Time of 138 days for just SOLD homes.
- There is an Average Market Time of 177 days of the homes For Sale.
- The Dollars paid per Square Foot in Shrewsbury is $175
- There was an Average Sold Price of $408,572 for sold homes.
- Shrewsbury has 4 properties (vs 1) advertised as lender owned (typically foreclosure) .
- Shrewsbury has 10 properties (vs. 13) advertised as short sales required by lender .
- Shrewsbury “Hot Seller Index”: 81 Last Report: 72
*All statistics are for Single Family Houses and based on data in MLS.
Read my Explanation for Massachusetts Home Data Reports.
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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.
