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By Bill Gassett | Agent in Hopkinton, MA

Northbridge MA Real Estate Transactions July 2012

Northbridge Massachusetts Real Estate Report July 2012


 Northbridge MA Real Estate Activity For July 2012 vs July 2011

In July of 2012 there were 17 homes that closed within the month for Northbridge. This is an increase of 10 units, as there were 7 homes that closed in July of 2011.

The Average list price for the homes that closed in Northbridge for July of 2011 was $305,486

The Average list price for the homes that closed in Northbridge for July of 2012 was $287,948

The Average sale price for the homes that closed in Northbridge for July of 2011 was $294,786

The Average sale price for the homes that closed in Northbridge for July of 2012 was $280,285

The Average Market time for the homes that closed in Northbridge for July of 2011 was 95 days.

The Average Market time for the homes that closed in Northbridge for July of 2012 was 90 days.

Northbridge MA Homes Under Contract For July 2012

15 homes went under agreement in Northbridge Massachusetts in the month of July. The average list price of the homes that went under agreement was $271,807. The average time on the market for these Northbridge homes were 95 days. July was an excellent months for homes going under contract.

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

In Northbridge MA for the period of January to December of 2011 there were 89 properties sold.

In Northbridge MA for the period of January to December of 2010 there were 90 properties sold.

In Northbridge MA for the period of January to December 2009 there were 117 properties sold.

In Northbridge MA for the period of January to December in 2011 the average list price was $270,662 the average sale price was $260,852 the average market time was 169 days.

In Northbridge MA for the period of January to December in 2010 the average list price was $292,115 the average sale price was $281,847 and the average market time was 120 days.

In Northbridge MA for the period of January to December in 2009 the average list price was $280,651 the average sale price was $270,931 and the average time on the market was 131 days.

Current Northbridge MA Inventory Levels

The are currently 98 homes on the market in Northbridge MA. The average list price of the Northbridge homes is $339,956. The average days on the market is 231.

Northbridge MA Real Estate Market Analysis

In 2011 the Northbridge Real Estate market had an decrease in the amount of homes sold as compared to 2010 although nearly identical. 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 but the weakness occurred mostly in the upper end of the market (over 400k). The average days on market increased substantially from the previous two years. Some of this is attributed to home in the upper end of the market staying on for a longer period of time. The lower end of the market (under 300k) remained strong with values holding firmer than in the upper ends of the Northbridge market.

Current home inventory levels have remained high as we have moved the majority of the wat through the Summer months. Lower inventory is a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values. The Northbridge Real Estate market has remained slower than some of the surrounding towns. The amount of closed sales through July are just about the same as last year with one more sale to date.  This is unusual when compared to some of the other local surrounding towns which are experiencing a significant improvement in the amount of sales compared to last year.

Through July there have only been 53 sales. At this same point in time last year Northbridge had 52 sales. Northbridge is one of the few towns where year  over year statistics are so close.

July however was a terrific month with a strong amount of sales compared to last year.

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


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