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Metrowest Real Estate News & Views

Building Lasting Relationships Through Real Estate

By Bill Gassett | Agent in Hopkinton, MA

Southboro MA Real Estate Transactions May 2012

Original article source: Southboro Massachusetts Real Estate

Southboro Massachusetts Real Estate Market Overview May 2012


 Southboro MA Real Estate Activity For May 2012 vs May 2011

In May of 2012 there were 13 homes that closed within the month for Southboro MA. This is an increase of 6 units, as there were 7 homes that closed in May of 2011.

The Average list price for the homes that closed in Southboro for May of 2011 was $501,086

The Average list price for the homes that closed in Southboro for May of 2012 was $577,878

The Average sale price for the homes that closed in Southboro for May of 2011 was $473,598

The Average sale price for the homes that closed in Southboro for May of 2012 was $535,769

The Average Market time for the homes that closed in Southboro for May of 2011 was 138 days.

The Average Market time for the homes that closed in Southboro for May of 2012 was 1112 days.

Southboro MA Homes Under Contract For May 2012

1o homes went under agreement in Southboro Massachusetts in the month of May. The average list price of the homes that went under agreement was $567,640. The average time on the market for these Southboro homes were 110 days.  May was a good month for homes going under contract.

January 2009 – 2011 Final Year Real Estate Market Statistics For Southboro Massachusetts

In Southboro MA for the period of January to December of 2011 there were 102 properties sold.

In Southboro MA for the period of January to December of 2010 there were 149 properties sold.

In Southboro MA for the period of January to December 2009 there were 172 properties sold.

In Southboro MA for the period of January to December in 2011 the average list price was $562,879 the average sale price was $540,857 the average market time was 142 days.

In Southboro MA for the period of January to December in 2010 the average list price was $712,199 the average sale price was $660,382 and the average market time was 136 days.

In Southboro MA for the period of January to December in 2009 the average list price was $493,542 the average sale price was $472,630 and the average time on the market was 165 days.

Current Southboro MA Inventory Levels

The are currently 72 homes on the market in Southboro MA. The average list price of the Southboro homes is $685,535. The average days on the market is 147.

Southboro MA Real Estate Market Analysis

In 2011 the Southboro Real Estate market had a substantial decrease in the amount of homes sold as compared to 2010. Homes priced properly generally moved in a reasonable amount of time. There was still a downward trend in Real Estate values through out the year with the upper end of the market taking the biggest hit in values. The average days on market for similar as compared to previous years. The lower end of the market (under 500k) remained strong with values holding firmer than in the upper ends of the Southboro market.

In comparing the average sale price in Southboro for 2010 vs 2009 increased by a pretty big clip year over year because there happened to be quite a few upper end sales, including one for $3.5 million.

Current home inventory levels are rising as they typically do when we are in the Spring selling season. Lower home inventory is always a good sign for those considering to sell their home as supply and demand plays a big factor with Real Estate values. May was a good month for Southboro with the amount of closed sales almost doubling from the same time a year ago.

The above Southboro Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

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