Worcester, MA - Home Sales Statistics (Oct)

Analysis of Worcester Housing Market Statistics

Don't look now, but Worcester is looking stronger.  After a pretty negative report last time, which showed huge jumps in inventory and little sale movement, the trend has almost reversed, with buyers pushing up sales  almost 20%, while inventory fell.  Short-Sale are clearing off the books too, as over 25% of the short-sale have dried up.  Even bank owned foreclosures is a smaller number at this point.  My Hot Seller Index is at 74 for Worcester, a big jump, and indicates we're headed for a neutral market if the sale keep up and inventory continues to shrink (and I think it might, based on some pendings out there).  Buyers: There's still good deals in Worcester, but it won't be as easy today as it was two months ago, but there are values to be had.  As always, be aware that Worcester is actually a collection of a dozen or so "sub-markets", and if you'd like information on the part of town that you're looking in, just let me know, we'll narrow it down a bit.

 

 

 

Worcester Housing Market Statistics - Raw Data

 

Leaves are falling in Worcester, But Sales are Rising

 

• There are 636 homes listed as For Sale (vs. 679 in the last Worcester Home Sales Report).
• There have been 531 houses sold (vs. 449) in the last 6 months, and 327 homes sold (vs. 293) in the last 3 months.
• There was an Average Market Time of 144 days for just SOLD homes.
• There is an Average Market Time of 160 days of the homes For Sale.
• There was an Average Sold Price of $170,940 for sold homes.
• Worcester has 39 properties (vs. 41) advertised as lender owned (typically foreclosure) .
• Worcester has 99 properties (vs. 123) advertised as short sales required by lender .
• Worcester “Hot Seller Index”: 74 Last Report: 69

 

 

*All statistics are for Single Family Homes.

 

Read my Explanation for Massachusetts Home Data Reports.

 

Our Most Accessed Posts

• What is a condo fee or HOA fee and what does it pay for?
• What is a 203K loan, and can it help me fix up a home I want to buy?!
• Will Solar Panels add Value to my Home and build Equity?
• Is it a bad idea to buy a house near power lines? Is it safe to buy a house near high tension powerlines?
• How do I buy a home if it has a failed septic?
• Investors can make money on foreclosures - can you?
• What should I do if I have high levels of Arsenic in my Private Well?

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.