Homes For Sale in Southborough Market Report

OK, Southborough highlights some of the trends that we have been seeing in the other reports. I think this is emblamatic of where we are going for the next few months.

 

1) Price sensitivity: Buyers are no longer pushing prices up - they are looking for deals

2) The number of homes for sale is rising - which isn't a bad thing, as the numbers were WAY TOO LOW, and not sustainable, in most towns.

3) Activity for the first three months of the year was really bad.

 

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

 

What should home buyers do in Southborough?

Home buyers will see some good values for homes that aren't perfect. Houses that are what everyone wants are still selling quickly - but we're seeing more softness in the high end - 700+ and that is a trend that may continue. But don't expect to negotiate much with sellers - most of them are new to the market, and won't be doing big discounts easily.

 

Search for Your Next Home or Check out the Competition!

 

What should home sellers do in Southborough?

Inventory is still low by historical standards - but don't rush to get out there. Make sure your house is ready, that will be the big key to making sure things are going your way. And don't push prices - you'll likely sit instead.

 

 

 

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

 

  • Southborough‘s “Home Seller Index” (HSI): 110 Last Report: 105
  • There are 54 homes listed as For Sale.
  • There have been 71 houses sold in the last 6 months, and 58 homes sold in the last 3 months in Southborough.
  • The Average number of Days on Market was 79 days for just SOLD homes.
  • There is an Average Market Time of 94 days of the Southborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $218 (vs. $220 )
  • There was an Average Sold Price of $605,683 for sold homes.
  • Southborough ,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the 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.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.