The Southborough Homes For Sale Market Report

 

Well, I'm behind in reports anyway, but I'm going to do a blizzard of them this week, because the active status flag is being phased out and is going to impact my data sets. But only for a while. Let's check Southborough.

 

 

 

Southborough is interesting because even though sales have fallen off, the HSI has actually moved up a bit. Why? Houses are selling faster, especially recently. That demand is impacting prices, as they have moved up over 6% since last year.

 

Not much bank impacted inventory either, as we see no foreclosures two reports in a row, and short-sales are down by over 50%. That also puts pressure on prices to go up, as bank impacted inventory is usually a laggard price wise.

 

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

 

  • There are 48 homes listed as For Sale in Southborough .
  • There have been 62 houses sold in the last 6 months, and 40 homes sold in the last 3 months.
  • The Average number of Days on Market was 181 days for just SOLD homes.

    April showers bring May flowers?

    Hey, it could happen - even here.
  • There is an Average Market Time of 112 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $203 (vs. $199 )
  • There was an Average Sold Price of $562,415 for sold homes.
  • Southborough has 0 properties advertised as lender owned/foreclosure (typically foreclosure) .
  • Southborough has 3 properties, vs 7 in the last report, advertised as a short-sale is going to be needed by lender .
  • Southborough “Home Seller Index” (HSI): 91 Last Report: 89

Search for Your Next Home or Check out the Competition!

 

*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).

 

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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.