Real Estate Sales for Shrewsbury, MA - Home Sales and Real Estate Market Report (Feb, 2015)

The Shrewsbury Homes For Sale Market Report

Shrewsbury report time! Like Natick, Shrewsbury has just very, very little on right now. Still, it's got twice what Natick does. (The towns are similar in size). Still, 50+ houses is too few, and will be a drag on the transaction sale numbers going forward. How about the impact on prices? Well, we'll see.
Can’t see the chart? You can find it Here .
The data on prices is a little mixed. On one hand, the HSI moved up - showing more price pressures, but on the other hand, paid prices actually went down, back to where they were two reports ago, to $192. I actually think the $197 is the outlier - that was a big move up - and prices are where they should be. But the HSI has had another effect - raising the expectations of sellers.

Current sellers are now looking for $236/ sq foot - $44/ sq foot higher than the sale prices. That means there are some very pricey homes on the market right now.  Oh, and Shrewsbury has no short-sales or foreclosures on the market right now - none.  The numbers continue to fall across the area.

What should active home buyers do in Shrewsbury ?

As we've said elsewhere, you'll have to wait. Especially in Shrewsbury, many homes are expensive compared to recent sale prices. Does that mean they are all overvalued? No, but it does mean that many buyers who are just looking at what's available - and not what has sold - could make a decision that's not supported by current market sales. So be careful.



What should potential home sellers do in Shrewsbury?

Well, this is a great time to get out there, undercut the competition, price above last years sales, and look like a value while getting top dollar. A smart seller can have an easy go of it in this market.



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


  • Shrewsbury‘s “Home Seller Index” (HSI): 167 Last Report: 157
  • There are 53 homes listed as For Sale.
  • There have been 183 houses sold in the last 6 months, and 92 homes sold in the last 3 months in Shrewsbury.
    Yeah, we know.
  • The Average number of Days on Market was 57 days for just SOLD homes.
  • There is an Average Market Time of 182 days of the Shrewsbury homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged 192 (vs. 197 in the last report)
  • Current sellers are looking for $ 236 /sq foot
  • There was an Average Sold Price of $414,038 for sold homes.
  • Shrewsbury,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 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 Northborough, MA - Home Sales and Real Estate Market Report (Feb, 2015)

The Northborough Homes For Sale Market Report

Northborough too, lacks inventory, but it's not as tight as Natick. Amazingly (to me anyway) we've seen a little price pull back, despite the fact that very few towns have anything for sale right now. Oh, Northborough buyers, wherefore art thou? Really, Northborough shouldn't be seeing price softness, but it's there.
Can’t see the chart? You can find it Here .

What should active home buyers do in Northborough?

Most buyers in most towns are playing the waiting game at this point. Makes sense to see what spring brings now, with warmer weather coming close (so they say). But it can't hurt to review your current options, to get a baseline for the choices.


What should potential home sellers do in Northborough ?

Tougher call here. It depends a lot on what kinda house you have - but most people should wait. It's worth noting that sellers haven't changed their expectations - they are still asking about the same premium over the sales - so clearly most expect the buyers to come sooner than later. Northborough often has a busier late spring, might be the same this year, but there is certainly a school of thought that argues sooner is better, with so few options available.



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


  • Northborough‘s “Home Seller Index” (HSI): 163 Last Report: 135
  • There are 24 homes listed as For Sale.
  • There have been 88 houses sold in the last 6 months, and 44 homes sold in the last 3 months in Northboro.
  • The Average number of Days on Market was 74 days for just SOLD homes.
  • There is an Average Market Time of 175 days of the Northboro homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged 190 (vs. 198 in the last report)
  • Current sellers are looking for $ 203 /sq foot
  • There was an Average Sold Price of $424,538 for sold homes.
  • Northboro ,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!).

Matt’s Got More

Hold on there! Don’t go yet. Realtor Matt’s got lots more you to check out if you are planning to buy or sell a home. Why not look here, and find out a lot more about Radon, New Construction, Title V, House Styles, Town Assessments, MCAS scores, and even some tips to get the best rate possible on your mortgage.

Other Posts You May Enjoy by Matt the Realtor

Real Estate Sales for Natick, MA - Home Sales and Real Estate Market Report (Feb, 2015)

The Natick Homes For Sale Market Report

If I told you that Natick home sale transactions were down by over 40% in Natick, would that tell you that the market was better for sellers, or worse?

If you said you can't tell from that stat, you're right.

In this case, you can't sell what isn't there. The reason home sales are down - sharply - is there's nothing to buy. Here on the blog, we look closely at the RATIO of purchases vs. the available inventory. The tighter things get, usually we see the buyers slow down, proportionally. But that's not what we see here:
Can’t see the chart? You can find it Here .
The buyers have continued to push and purchase, despite the dwindling options. How tight is the inventory? Well Southborough, a small town about 1/4 the size of Natick, has MORE houses on the market at this point. That's just nuts.  The previous record was 25, and I didn't think that would be beat.  But it has.

What should active home buyers do in Natick?

Well, you'll have to wait for the sellers to get out there. Be aware, there are PLENTY of buyers who have been waiting, same as you. When the new stuff comes on, expect the good stuff to go quickly, circa 2013. The good stuff is all gone in Natick, as current sellers are asking below market prices, but still not selling, showing buyers don't think the existing inventory is worth yesterday's prices.



What should potential home sellers do in Natick?

No time like the present! This is a great time to take advantage of the lack of homes for sale to get a premium for you house. Of course, if your plan is to sell then buy in Natick, well, that's a problem. (Want a good strategy? Ask!). Selling=Easy. Buying=Hard. Can't get more straightforward than that.




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


  • Natick‘s “Home Seller Index” (HSI):284 Last Report: 188
  • There are 23 homes listed as For Sale.
  • There have been 157 houses sold in the last 6 months, and 86 homes sold in the last 3 months in Natick.
  • The Average number of Days on Market was 40 days for just SOLD homes.
  • There is an Average Market Time of 120 days of the Natick homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $272 (vs. $268 in the last report)
  • Current sellers are looking for $ 272 /sq foot
  • There was an Average Sold Price of $585,039 for sold homes.
  • Natick,MA, has 1 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!).

Matt’s Got More

Hold on there! Don’t go yet. Realtor Matt’s got lots more you to check out if you are planning to buy or sell a home. Why not look here, and find out a lot more about Radon, New Construction, Title V, House Styles, Town Assessments, MCAS scores, and even some tips to get the best rate possible on your mortgage.

Other Posts You May Enjoy by Matt the Realtor

Real Estate Sales for Millis, MA - Home Sales and Real Estate Market Report (Feb, 2015)

The Millis Homes For Sale Market Report

Millis is a small town, but we do see a slight cooling in Millis that has persisted from last fall:
The HSI suggests the home market in Millis is cooling a bit. Inventory of Homes for sale remains tight.
Can’t see the chart? You can find it Here .
It's not like we're headed to a down market in Millis, but the buyers have curbed their enthusiasm, and sale prices have leveled off a bit.

What should active home buyers do in Millis ?

It might be a good time to add Millis to your list. There's never much here, it's a small town, but there are some sellers who are probably anxious to sell. As a quiet gem in Metrowest, it can be a good find for the right buyer.
Find Your Next Home or Check out the Competition!

What should potential home sellers do in Millis?

Prices are still holding, and it's not likely that they are headed down, but there's going to be competition, so I would say we'll have to watch and see: It could be a good to very good market, but right now, things are trending steady, and not up where things will get crazy.


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


  • Millis‘s “Home Seller Index” (HSI): 117 Last Report: 127
  • There are 22 homes listed as For Sale.
  • There have been 37 houses sold in the last 6 months, and 19 homes sold in the last 3 months in Millis.
  • The Average number of Days on Market was 63 days for just SOLD homes.
    I could use this guy at my house.
  • There is an Average Market Time of 89 days of the Millis homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $200 (vs. $202 in the last report)
  • Current sellers are looking for $209/sq foot
  • There was an Average Sold Price of $382,628 for sold homes.
  • Millis ,MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 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!).

Matt’s Got More

Hold on there! Don’t go yet. Realtor Matt’s got lots more you to check out if you are planning to buy or sell a home. Why not look here, and find out a lot more about Radon, New Construction, Title V, House Styles, Town Assessments, MCAS scores, and even some tips to get the best rate possible on your mortgage.

Other Posts You May Enjoy by Matt the Realtor