- Southborough has 49 homes (vs. 59 in the last southborough home sales report) listed as Active
- Southborough had 31 (vs. 36) houses sold in the last 6 months, and 16 homes sold in the last 3 months
- Southborough has an Average Market Time of 149 days (vs. 137) for SOLD homes
- Southborough has an Average Market Time of 162 days for ACTIVE homes
- Southborough has an Average Sold Price of $ 701,137 for sold homes
- Southborough has 0 properties advertised as lender owned (typically foreclosure)
- Southborough has 3 properties advertised as short-sales
Question about the terms used here? Check my Explanation for Massachusetts Home Statistics. All statistics are for Single Family Homes.
Analysis of Housing Market Statistics
Southborough, Massachusetts: Well, on the surface, the numbers for Southborough don't look terribly good for sellers. And with so little to buy, they don't look good for buyers either. But look for a major switch in the next report, as 20% of the Southborough inventory disappears off the market. Will it get replace by new sellers? Not until the snow starts to melt, I would suspect. We could easily see a jump into neutral territory. But for the moment, Buyers still have some leverage, those 162 days on market for the average home will leave some sellers feeling anxious. Also of note, the very high average sales price for homes. The lower end in Southborough is having trouble moving, as the price point can be a tough one for first timers.
ALL REAL ESTATE IS LOCAL! No matter if your town is HOT or COLD, a real estate agent who knows the market can help you position your home for sale. (That would be me.) For more detailed reporting on home selling, including breakdowns by price range,contact Matt Heisler of Heisler & Mattson directly!
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Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 10 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.
