Original article source: Southboro MA Real Estate
Southboro Massachusetts Real Estate Market Overview March 2012
Southboro MA Real Estate Activity For March 2012 vs March 2011
In March of 2012 there were 8 homes that closed within the month for Southboro MA. This is a decrease of 7 units, as there were 15 homes that closed in March of 2011.
The Average list price for the homes that closed in Southboro for March of 2011 was $537,113
The Average list price for the homes that closed in Southboro for March of 2012 was $446,050
The Average sale price for the homes that closed in Southboro for March of 2011 was $518350
The Average sale price for the homes that closed in Southboro for March of 2012 was $430,225
The Average Market time for the homes that closed in Southboro for March of 2011 was 140 days.
The Average Market time for the homes that closed in Southboro for March of 2012 was 174 days.
Southboro MA Homes Under Contract For March 2012
18 homes went under agreement in Southboro Massachusetts in the month of March. The average list price of the homes that went under agreement was $549,123. The average time on the market for these Southboro homes were 112 days. It was a very active month for Southboro Real Estate!
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 53 homes on the market in Southboro MA. The average list price of the Southboro homes is $689,517. The average days on the market is 169.
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 at their lowest point in the last few years. Inventory however is increasing as we head into the Spring market as is usually the case. Low 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.
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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