Northbridge Massachusetts Real Estate Market Report for May 2008
In May of 2008 there was 7 homes that closed within the month for Northbridge Massachusetts. This is a decrease of 9 units as there were 16 homes that closed in May of 2007.
The Average list price for the homes that closed in Northbridge for May of 2007 was $341,600
The Average list price for the homes that closed in Northbridge for May of 2008 was $334,019
The Average sale price for the homes that closed in Northbridge for May of 2007 was $245,071
The Average sale price for the homes that closed in Northbridge for May of 2008 was $235,447
The Average Market time for the homes that closed in Northbridge in May of 2007 was 140 days.
The Average Market time for the homes that closed in Northbridge May of 2008 was 206 days.
13 homes went under agreement in Northbridge Masssachusetts in the month of May. The average list price of the homes that went under agreement was $368,415. The average time on the market for these Northbridge MA homes was 317 days.
January - May Market Statistics for Northbridge Massachusetts
In Northbridge MA for the period of January to May of 2007 there were 58 properties sold.
In Northbridge MA for the period of January to May 2008 there were 26 properties sold.
In Northbridge MA for the period of January to May in 2007 the average list price was $373,964 the average sale price was $361,890 and the average market time was 182 days.
In Northbridge MA for the period of January to May in 2006 the average list price was $301,419 the average sale price was $290,443 and the average time on the market was 207 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Northbridge Massachusetts.
In comparing year over year longer term data for Northbridge MA, the average list price and sale price both went down year over year from January to May. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was also a increase in the days on the market for the same period in Northbridge MA. The number of homes sold in the January to May time period is down substantially from the previous year.
These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to May time frame.
Selling a home in Northbridge Massachusetts or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Northbridge and many other Metrowest communities has changed over the last three and a half years. We are no longer in a seller's market. When selling a home in Northbridge Massachusetts, it pays to have a pro in your corner representing you.
When selling a home in Northbridge MA, it pays to have a pro in your corner representing you. Here are some excellent questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!
** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **
The above Northbridge MA Real Estate Market report was provided by Bill Gassett, the team leader for the #4 RE/MAX Team in Massachusetts in 2007. Bill can be reached via email at firstname.lastname@example.org or by phone at 508-435-5356. Bill has helped people move in and out of Northbridge MA and other Metrowest towns for the last 22+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. RE/MAX Executive Realty also has offices in Upton, and Grafton to service home sales in Northbridge MA.
I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.
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I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.
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Bill Gassett is a thirty-two year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions. His work has been featured on RIS Media, National Association of Realtors, Inman News, Placester, RESAAS, Credit Sesame and others.