Here is a quick look at what is happening in the Shrewsbury MA real estate market:
For single family homes, there are 200 properties currently on the market. Average list price is $512,465. Average time on the market is 157 days. In the past 3 months, 65 homes have sold in Shrewsbury, with an average price of $379,142 and average time on market of about 160 days.
Currently, there are 32 single family homes under agreement.
For condos, there are 62 units on the market with an average price of just about $300,000. Average market time has been 309 days. In the past 3 months, 11 condos have sold. Average sale price has been $264,000, and average time on market has been 215 days.
There are 14 condominiums under agreement in Shrewsbury.
How to interpret this information? Well, for single family homes the math shows that about 20 homes are selling each month. So there is 10 months' worth of inventory on the market.
For the condos, about 4 condos are selling each month, which means there is about 13 months' worth of condo inventory on the market.
Yep, we're still in a buyers' market. Buyers: why aren't you taking advantage of this? If you aren't sure how to do that, call me: Kathryn Acciari, RE/MAX Professional Associates, (508) 982-0686.
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