Real Estate Sales for Berlin, MA - Home Sales and Real Estate Market Report (Dec, 2014)

The Berlin Homes For Sale Market Report

We will take a quick look at Berlin, with the standard note that the data is so limited here that we should always be precautionary before making any hard and fast conclusions.
Can’t see the chart? You can find it Here .
The main numbers I look at here are transaction volume, which remain strong. Prices look to be down, but one or two houses could really throw off that number. Overall, sales are out pacing actives by either 2 or 3 to 1, which is a lot, and will put pressure on prices and overall is very positive for sellers.

What should active home buyers do in Berlin ?

Be patient! It's a very limited market. If you're in a hurry, make sure you include other towns in your search. If Berlin is the goal, make sure you have a long time horizon.


What should potential home sellers do in Berlin ?

Prices have stalled a bit, but they may be primed to resume. Make sure you've done what you can do to get your house ready for sale, to make it show the best. Also, check closely how much competition you have. If you have very little, you may be able to reach for prices.


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Berlin Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Berlin ‘s “Home Seller Index” (HSI):161 Last Report: 109
  • There are 8 homes listed as For Sale.
  • There have been 22 houses sold in the last 6 months, and 12 homes sold in the last 3 months in Berlin.
  • The Average number of Days on Market was 46 days for just SOLD homes.
  • There is an Average Market Time of 136 days of the Berlin homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $159 (vs. $169 in the last report)
  • Current sellers are looking for $170/sq foot
  • There was an Average Sold Price of $404,198 for sold homes.
  • Berlin ,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).


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Real Estate Sales for Worcester, MA - Home Sales and Real Estate Market Report (Dec, 2014)

The Worcester Homes For Sale Market Report

The Worcester report is always an important one due to the amount of data and the effect it has on the surrounding communities. The second biggest city in Massachusetts, it has a large impact on the communities around it. It's a trailing indicator though, as it often lags communities further east.


Can’t see the chart? You can find it Here .
What do we see? The trends remain in place. Sales volume is strong, inventory is tight (but not as tight as last year) and prices are moving up in a steady, rational manner. Also, in the last report, we saw a bunch of bank impacted inventory come one, and while it's still high, it's gone back down the the previous ratios.

What should active home buyers do in Worcester ?

Be knowledgeable about the area you are looking in - Worcester has many sub-markets, that move differently than the collected averages here. Prices could be higher or lower, and property could be moving faster or slower. Worcester is tricky, and buyers should be cautious, but overall the trends are positive.


What should potential home sellers do in Worcester ?

PRices continue to move up, so if you're looking to move out, next year could be the year.
Certain neighborhoods are moving briskly for homes in good condition, and you'll have a good chance of success in 2015.


Worcester Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Worcester ‘s “Home Seller Index” (HSI): 109 Last Report: 106
  • There are 342 homes listed as For Sale.
  • There have been 690 houses sold in the last 6 months, and 394 homes sold in the last 3 months in Worcester.
  • The Average number of Days on Market was 73 days for just SOLD homes.
  • There is an Average Market Time of 125 days of the Worcester homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $127 (vs. $123 in the last report)
  • There was an Average Sold Price of $196,150for sold homes.
  • Worcester, MA, has 14 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 41 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).


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Real Estate Sales for Westborough, MA - Home Sales and Real Estate Market Report (Dec, 2014)


The Westborough Homes For Sale Market Report

Let's check in with Westborough, and see if it remains hot.

Can’t see the chart? You can find it Here .
It does! Very few available properties, a lot of recents sales should lead to rising prices, and we do see that Westborough has kept moving up the price chart.

What should active home buyers do in Westborough ?

Home buyers should be aware that choices are thin - and there's still a lot of active competition. Buyers are looking to take on risk in Westborough, and properties are moving quickly and at good prices compared to last year.

What should potential home sellers do in Westborough ?

Home sellers should expect a bright spring. With so few houses on, things could continue to move briskly and at the best prices in years. That's not to say that prices won't take a pause here - they might, and the rate of change has slowed down, but overall, the odds favor continued bullishness for sellers in the housing market.

Westborough Houses For Sale and Sold Market Statistics - Raw MLS Data

Westborough ‘s “Home Seller Index” (HSI): 153 Last Report: 119
There are 33 homes listed as For Sale.
There have been 128 houses sold in the last 6 months, and 62 homes sold in the last 3 months in Westborough.
The Average number of Days on Market was 49 days for just SOLD homes.
There is an Average Market Time of 150 days of the Westborough homes For Sale (currently for sale).
The amount that was paid in Dollars per Square Foot averaged $200 (vs. $196 in the last report)
Current sellers are looking for $207 /sq foot
There was an Average Sold Price of $467,933 for sold homes.
Westborough ,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
There are 1 properties advertised as a short-sale is going to be needed by the lender.


*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).


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Real Estate Sales for Upton, MA - Home Sales and Real Estate Market Report (Nov, 2014)

The Upton Homes For Sale Market Report

Checking in to Upton, we see that Upton, like lots of places, is seeing an increase in inventory over last year. Unlike a lot of places, Upton really hasn't see the price appreciation that other places have. Translation: There are still good deals in Upton, but you need to be very careful! Why? Well it has to do with the metric I've been collecting over the past months. We'll get to that in the second chart.
Can’t see the chart? You can find it Here .

What should active home buyers do in Upton ?

If you look at the chart below, $/sq foot has remained steady at about $170/sq foot. But the red line shows what the average seller is expecting - and that has risen sharply. Basically, looking at the two charts, we see that buyers have been smart about purchasing the value properties, while the more expensive properties have not sold. This doesn't mean every house on the market is too high - but it suggests that many of them are too high in price - and that buyers choosing "best available" could be paying a premium over buyers in the recent past. It's worth noting that the gap between expectations and sale prices is among the highest I've seen in the short time I've been collecting the metric.


What should potential home sellers do in Upton ?

Many sellers are too high right now, but buyers are moving on properties priced fairly. Don't reach for a price, and you'll be rewarded with a short sales cycle (just 55 days in Upton) as buyers remain motivated.


Upton Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Upton ‘s “Home Seller Index” (HSI): 91 Last Report: 100
  • There are 36 homes listed as For Sale.
  • There have been 62 houses sold in the last 6 months, and 28 homes sold in the last 3 months in Upton.
  • The Average number of Days on Market was 55 days for just SOLD homes.
  • There is an Average Market Time of 163 days of the Upton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $169 (vs. $170)
  • Current sellers are looking for $196 /sq foot
  • There was an Average Sold Price of $385,291 for sold homes.
  • Upton, MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).





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Read my Explanation for Massachusetts Home Data Reports.

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