Northbridge Massachusetts Real Estate Market Report for October 2008

In October of 2008 there was 13 homes that closed within the month for Northbridge Massachusetts. This is an increase of 7 units as there were 6 homes that closed in October of 2007.

The Average list price for the homes that closed in Northbridge for October of 2007 was $340,750

The Average list price for the homes that closed in Northbridge for October of 2008 was $319,585

The Average sale price for the homes that closed in Northbridge for October of 2007 was $322,608

The Average sale price for the homes that closed in Northbridge for October of 2008 was $313,935

The Average Market time for the homes that closed in Northbridge in October of 2007 was 151 days.

The Average Market time for the homes that closed in Northbridge October of 2008 was 190 days.

5 homes went under agreement in Northbridge Masssachusetts in the month of October. The average list price of the homes that went under agreement was $361,100. The average time on the market for these Northbridge MA homes was 249 days.

                                    January - October Market Statistics for Northbridge Massachusetts

In Northbridge MA for the period of January to October of 2007 there were 107 properties sold.

In Northbridge MA for the period of January to October 2008 there were 82 properties sold.

In Northbridge MA for the period of January to October in 2007 the average list price was $363,917 the average sale price was $352,924 and the average market time was 165 days.

In Northbridge MA for the period of January to October in 2008 the average list price was $321,339 the average sale price was $311,752 and the average time on the market was 184 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 September. This can be attributed to the on going weakness in the real estate market. The average days on the market for the same period in Northbridge MA was very similiar . The number of homes sold in the January to October 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 as well as the number of homes sold for the January to September 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. **

Markets reports for Hopkinton 

Market reports for Holliston 

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford 

Market reports for Southboro 

Market reports for Upton 

Market reports for Ashland 

Market Reports for Westboro

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The above Northbridge Massachusetts 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 billgassett@remaxexec.com 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.

For Massachusetts and Northbridge MA Real Estate and homes see Northbridge MA Real Estate Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Douglas, and Framingham MA.

Click here to view Bill Gassett's Real Estate profile.

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