Worcester, MA - Home Sales Data (Apr) Raw Data
- Worcester has 557 homes (vs. 485 in the last Worcester home sales report) listed as Active.
- Worcester had 426 houses sold (vs.357) in the last 6 months, and 228 homes sold (vs. 175) in the last 3 months.
- Worcester has an Average Market Time of 146 days (vs. 126) for SOLD homes.
- Worcester has an Average Market Time of 159 days for ACTIVE homes.
- Worcester has an Average Sold Price of $175,973 for sold homes.
- Worcester has 35 properties (vs. 44) advertised as lender owned (typically foreclosure) .
- Worcester has 123 properties (vs. 120) advertised as short sales required by lender .
*All statistics are for Single Family Homes.
Wondering about my Market Methodology? Read my Explanation for Massachusetts Home Statistics.
Analysis of Housing Market Statistics Worcester , Massachusetts
The Worcester market has seen a big surge in inventory - about 70 homes - but has seen a similar rise in sales - about 66 homes. Big jumps in momentum, already evidently early in the spring season, bode well for Worcester, which still has a significant property
over hang. It is still a buyers market, but a less so. As the Sold days climb, it's primarily due to the longer listed property selling - generally a sign that more properties are finding prices they can be sold at. There are still large numbers of short-sales in Worcester that will put pressure on buyers to find property not impacted by the the restrictions that come with short-sales in this market. Foreclosures are down, just about 7 percent of total inventory.
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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 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.
