Southboro Real Estate Market Report May 2009

Southboro Massachusetts Real Estate Market Report for May 2009

In May of 2009 there were 5 homes that closed within the month for Southboro Massachusetts. This is an decrease of 2 units, as there were 7 homes that closed in May of 2008.

The Average list price for the homes that closed in Southboro for May of 2008 was $543,433

The Average list price for the homes that closed in Southboro for May 2009 was $494,740

The Average sale price for the homes that closed in Southboro for May of 2008 was $516,829

The Average sale price for the homes that closed in Southboro for May of 2009 was $481,130

The Average Market time for the homes that closed in Southboro in May of 2008 was 223 days.

The Average Market time for the homes that closed in Southboro May of 2009 was 128 days.

4 homes went under agreement in Southboro MA in the month of May. The average list price of the homes that went under agreement was $583,900. The average time on the market for these Southboro homes were 64 days.

Through May there have been 21 homes that have sold in Southboro. There were 24 homes that closed last year at this point in time.

January - December 2008 Market Statistics for Southboro MA

In Southboro MA for the period of January to December 2007 there were 88 properties sold.

In Southboro MA for the period of January to December 2008 there were 65 properties sold.

In Southboro MA for the period of January to December in 2007 the average list price was $617,149 the average sale price was $591,417 and the average market time was 158 days.

In Southboro MA for the period of January to December in 2008 the average list price was $621,602 the average sale price was $589,084 and the average time on the market was 142 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Southboro MA.

In comparing year over year longer term data for Southboro Massachusetts through December of 2008, there have been less homes sold. The average sale price was very stable as there were more higher end properties that closed which kept the average up. The average days on the market has declined in Southboro Massachusetts.

These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years. What must be stressed, however, is that these home figures still represent a healthy amount of sales.

Click here for previous Southboro Real Estate Market Reports.

Market reports for Hopkinton

Market Reports for Westboro

Market reports for Holliston

Market reports for Milford

Market reports for Ashland

Selling a home in Southboro Massachusetts or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Southboro and many other Metrowest communities has changed over the last three and a half years. We are no longer in a seller's market. When selling a home in Southboro Massachusetts, it pays to have a pro in your corner representing you.

** 85% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients on dominant internet presence at Metrowest MA Homes ~ How to effectively market to the masses on-line. **

We are no longer in a seller's market. When selling a home in Southboro MA, it pays to have a pro in your corner representing you. Here are some excellent Real Estate questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

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About the author: The above Southboro Massachusetts Real Estate report was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of Southboro MA and other Metrowest towns for the last 23+ Years.

For Massachusetts and Southboro MA Real Estate and homes see Southboro Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.

Thinking of selling your home? I Have a passion for Real Estate and would love to have you as one of my clients!

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northboro, Northbridge, Uxbridge, Douglas, and Framingham MA.

Click here to view Bill Gassett's Real Estate profile.

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