Analysis of Southborough, Massachusetts Housing Market Statistics

 

Southborough has seen a jump in inventory, but the jump in sales is one of the best we've seen on the blog. I think this provides some evidence that the market is starting to move Westward, as we've just seen too much demand in the sub 700K price range in Sudbury, Natick, Hopkinton and Holliston. No jump in foreclosures or short-sales in this report, as noted elsewhere, those numbers seem stable (unlike the shadow inventory reports have been predicting). I can tell you are listings are still seeing good traffic, but not as good as about six weeks ago. There certainly seem to be a lot of buyers, not really sure what they are waiting for, but you've got to give them credit, they are a patient bunch. Buyers should be aware the best properties are moving in a week or less, but there are some good, well priced homes not moving quite as fast. Sellers should be aware that the market is more crowded than it has been in the last two years, but if sales continue at this pace, it should chop down the inventory numbers very quickly.

 

 

Show Me Southborough, MA Homes for Sale

 

 

Southborough Housing Market Statistics - Raw Data

 

Southborough Homes

Are Waiting for You,

but maybe for not much

longer.
  • Southborough has 85 homes (vs. 62 in the last Southborough home sales report) listed as Active. 
  • Southborough had 64 houses (vs. 44) sold in the last 6 months, and 47 homes (vs. 23) sold in the last 3 months. 
  • Southborough has an Average Market Time of 151 days for SOLD homes. 
  • Southborough has an Average Market Time of 123 days for ACTIVE homes. 
  • Southborough has an Average Sold Price of $558,038 for sold homes. 
  • Southborough has 1 properties (vs. zero) advertised as lender owned (typically foreclosure) . 
  • Southborough has 2 properties advertised as short sales required by lender . 
  • “Hot Seller Index”: 78 (Trending Up) 

 

*All statistics are for Single Family Homes.

 

Wondering about my Market Methodology? Read my Explanation for Massachusetts Home Statistics.

Our Top Articles

Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 20 years. He has given several talks on real estate, including presentations on first-time buyer tips & tricks, and profiting in real estate investing in Massachusetts. As a Vanderbilt University alumnus, he is proud to serve his local community. *All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.