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Southbridge MA Real Estate Snapshot: Homes Sold 1/1/16 - 9/30/16

Southbridge MA Real Estate Snapshot: Homes Sold 1/1/16 - 9/30/16

Now that we are in the 4th quarter of 2016, I thought it would be worthwhile to take a look at what has happened in Southbridge real estate the first three quarters of the year. Below is a summary of Single Family Home sales in Southbridge, MA, from January through September, 2016.   (Data source: MLS PIN)

 

Single Family Home Sales in Southbridge, MA

 

southbridge ma home sales

How does these numbers compare to 2015?  At the end of the first three quarters of 2015 in Southbridge, we had:

Total sold: 98
Avg days on market: 128
Avg sale price:  $167,699
Median sale price:  $158,950
Sale price to list price ratio:  96%
Total market volume in First Three Quarters 2015: $16,434,482

 

SUMMARY:  The Southbridge real estate market is rising steadily.  All variables are improved over 2015. Currently, there are 47 single family homes actively listed, representing about five months' worth of inventory on the market.  Another 23 homes  are currently under contract.  

The inventory level suggests a sellers' market; however, this does not mean that sellers can name their price or avoid making repairs in order to sell.  Buyers' financing and preference trends still drive the market.  Homes that have been updated and maintained still sell faster and for a higher price than those needing work.

It will be interesting to see how the final quarter of 2016 plays out.  Stay tuned!

kathryn acciari sold

Do you have a home to sell in Southbridge, MA? Contact me for a FREE market analysis. I will provide you with an honest look at the market and help you determine how to sell quickly and for the highest price possible.

 

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Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
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Kathryn Acciari, Brand Ambassador

Century 21 Real Estate LLC
175 Park Avenue
Madison NJ 07940

Serving Brokers, Owners, and Agents Throughout New England

Cell: (508) 982-0686   
Email:
kasellshomes@gmail.com

Blog: Real Estate Blog
Twitter: @kacciari

Comment balloon 0 commentsKathryn Acciari • October 31 2016 11:26AM

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