Monday, August 23, 2010

Sudbury Housing Market - 2010 Sales Up 14.7%

Welcome to the Sudbury MA real estate market conditions report for August 2010.

Overall there are 139 single family homes for sale in Sudbury; there were 152 last year at this time. The price range with the largest decrease is $700,000 to $799,999 - there are 16 compared with 25 one year ago however the time on the market has increased from 104 days to 114 days. The range with the most homes for sale is the $1 million to $1,500,000 - there are 29 luxury homes in this price range but fewer than last year when there were 25.

Recent activity shows there are 12 properties with accepted offers that are still considered "active" listings and are being shown for backup offers until contingencies are met. There are 16 with sales pending.

Current list prices for single family homes range from $184,900 to $3,195,000; the median price is $849,000, exactly the same as last month and also the same as last year at this time. The average list price is $1,003,508; only a bit higher than in August 2009. Average time on the market is 160 days; last year it was 173 days. As with inventory, time on the market varies by price ranges.

There were 23 closed sales during July 2010 compared with 20 during the previous July; the median sale price was $639,000, up substantially from a year ago when the median was $481,750. The average sale prices was $735,635, up from $620,643 during July 2009; and the average time on the market was 135 days. Year to date as of August 8, 2010, there have been 101 single family homes sold in Sudbury; up 14.7% for the same period in 2009.

Interest rates are the lowest in decades, so it's a great time for buyers and sellers to make a move.

Click here for complete MLS listings
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