The Southborough Homes For Sale Market Report

 

Ah, another day, another huge jump in the Hot Seller Index for another town. Here we go for Southborough:

 

 

 

 

I think we're at 6 towns now that are over the important 100 point threshold. In Southborough, sales kept moving, but inventory really stopped coming on. I don't think I've ever seen Southborough below 50 homes on the market before, but we're at 48 here, and falling. Although the average sold price didn't set a record here, the much more important $/sq foot did, almost hitting $200 a square foot. Pretty remarkable that in March, we were looking at a buyers market in Southborough - with just a HSI in the mid-60's. Small towns can shift quickly, and that's what we see here, just as we saw in the last report for Millis.

 

On the down side, there's 6 out of the 48 homes that are bank-impacted - mostly short-sales here - which is over 12% - a lot - and won't help most buyers as they are avoiding these homes at this point.

 

As an aside, the recent reports have really made a case for buying early in the spring, as the competition has been much less fierce early on. Buyers should remember that for next year.

 

 

 

 

Southborough Real Estate For Sale and Sold Market Statistics - Raw MLS Data

 

• There are 48 homes listed as For Sale.
• There have been 92 houses sold in the last 6 months, and 64 homes sold in the last 3 months.
• The Average number of Days on Market was 119 days for just SOLD homes.
• There is an Average Market Time of 206 days of the homes For Sale.
• The Dollars paid per Square Foot in Southborough is $198 (vs. $190 )
• There was an Average Sold Price of $530,094 for sold homes.
• Southborough has 1 properties (vs. 0) advertised as lender owned/foreclosure (typically foreclosure) .
• Southborough has 5 properties (vs. 4) advertised as a short-sale is going to be needed by lender .
• Southborough “Hot Seller Index” (HSI): 108 Last Report: 80

 

*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.