Homes For Sale in Southborough Market Report

In Southborough, we see a trend that I think will hold till the end of January. Tight inventories of homes for sale leading to reduce transaction numbers - and lower HSIs. The HSI (Home Selling Index) is my indicator to show how much demand there is for housing in a given market. Here's the chart.

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

Yes, the HSI has fallen. But don't be fooled. The detailed data below shows home prices are still on the rise. The indicator fell because the number of transactions has slowed, but that's pretty typical this time of year, and it's not helped by the fact that there's only 35 houses for sale, matching the last reports record low. Southborough should normally have double that this time of year.  The fact that home prices are still rising sharply shows demand has not abated in Southborough

 

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Really, this shouldn't be much of a surprise, as we've seen demand pick up just over the line in Middlesex county, where prices have moved up sharply. Southborough is now following this trend.

 

 

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

 

  • Southborough “Home Seller Index” (HSI): 127 Last Report:143
  • There are 35 homes listed as For Sale in Southborough.

    First Snow of the Year last night.  Perhaps

    the weather will deter home buyers in Southborough.
  • There have been 85 houses sold in the last 6 months, and 36 homes sold in the last 3 months.
  • 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 homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $217 (vs. $207 )
  • There was an Average Sold Price of $629,611 for sold homes.
  • Southborough, MA, has 0 properties (vs. 0 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
  • Southborough has 1 properties (vs. 0) advertised as a short-sale is going to be needed by lender.

 

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*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.