Shrewsbury MA Real Estate Report for 2016
What is happening in the Shrewsbury real estate market? Today I share with you the year-end market statistics for single family homes sold in 2016. In the data chart below, you will see that in 2016:
385 single family homes were sold
Median sale price was $415,000
Average sale price was $453,358
Average days on market were 80
The ratio of sale price to list price was 98%
Data source: MLS PIN
How do Shrewsbury homes sales in 2016 compare to 2015?
The single family home market in Shrewsbury has stabilized. The total number of home sales was up by 20; however, sale price has plateaued. In the data above, what strikes me the most is that from the $200,000 to $699,999 range, homes sell within 90 days. At the low and high end price points, homes stay on the market longer. The reason? There are simply fewer buyers to either purchase fixer-uppers or afford the higher-end homes.
Would you like more information about the Shrewsbury Real Estate Market? Please contact me.
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Text and photos copyright Kathryn J. Acciari unless otherwise noted.
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Kathryn Acciari, RSPS, SRS, RESE, CFA
Century 21 MetroWest
45 Lyman Street Suite 14
Westborough MA 01581
Serving the Route 9/20 Corridors of Central Massachusetts
Sturbridge to Westborough
Cell: (508) 982-0686