The Shrewsbury, MA Homes For Sale Market ReportAt first blush, one might think the Shrewsbury market is cooling off. And I do think in January and some February, it did just that, as a lack of properties drove the sales numbers quite a bit down (the yellow line on the chart below). The number of homes for sale is technically a bit higher, but many of these homes are pending, meaning the next report is going to show a pretty big blow-out type number.
A number of homes are pending, but don't show up as under agreement in the statistics because they have only been active flagged, which you can read more about here. Other than the slowdown, the market still looks very robust for sellers.
I did notice one other curious thing - the $/sq foot stayed constant at $169, but the houses that were still active were averaging $205 - so that number is going to go up - and fast. We'll see how high, in the next report.
Find Your Next Home or Check out the Competition!As far as the bank owned inventory, there has been a HUGE drop. With only 6 bank impact properties - vs. 22 last time - that will change things a lot for sellers.
Shrewsbury, MA Houses For Sale and Sold Market Statistics - Raw MLS Data
|Yep, still doing snow pictures in late march.|
- There are 128 homes listed as For Sale in Shrewsbury, MA .
- There have been 167 houses sold in the last 6 months, and 78 homes sold in the last 3 months.
- The Average number of Days on Market was 136 days for just SOLD homes.
- There is an Average Market Time of 135 days of the homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged $169 (vs. $170 )
- There was an Average Sold Price of $396,370 for sold homes.
- Shrewsbury, MA has 1 properties (vs. 5 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
- Shrewsbury, MA has 7 properties advertised as a short-sale is going to be needed by lender .
- Shrewsbury “Home Seller Index” (HSI):84 Last Report: 103
*All statistics are for Single Family Houses and based on data in MLS.