Worcester Recent Home Sales Data
- Worcester has 485 homes (vs. 497 in last Worcester Home Sales Report) listed as Active
- Worcester had 357 houses (vs. 388) sold in the last 6 months, and 175 homes sold in the last 3 months
- Worcester has an Average Market Time of 126 days (vs. 114) for SOLD homes
- Worcester has an Average Market Time of 178 days (vs. 170) for ACTIVE homes
- Worcester has an Average Sold Price of $ 179,606 (vs. 185) for sold homes
- Worcester has 44 properties advertised as lender owned (typically foreclosure)
- Worcester has 120 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
Worcester, Massachusetts hasn't moved much since the last report. A little softer for sellers, but considering the weather we've had, not bad. And here's another drag on inventory - Short-sales and foreclosures. With fully 33% of the Worcester active market either short-sales (25% of the market) or foreclosures (8%), expect to see market time climb, and valuations continue to fall. The inventory overhang - almost 30% - basically dictates that anyway, but when looking at all the "lender involved" inventory, you can see Worcester is a troubled market for sellers. On the plus side, with so much "difficult to purchase" inventory, sellers who do NOT need a short-sale are probably in a position to draw traffic. Buyers in a hurry will be drawn to homes that can sell quickly. Sellers should take advantage of that fact.
Find Your Next Home or Check out the Competition!
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 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.
