Maribeth@ThriveRealtors.com
    (508) 641.9323

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Shrewsbury MA Real Estate Market Update December 2018

Real Estate Market Update for Shrewsbury Massachusetts | December 2018

Hi again! I’m Maribeth Lynch from Thrive Real Estate Specialists, with your Shrewsbury market report through the end of December 2018.

We are experiencing a market shift that is undeniable. We have moved from a strong sellers market to a more balanced market favoring buyers. The combination of rising interest rates and higher home prices have worked towards a softening in the market. However, Shrewsbury continues to outperform most other comparable towns both in total units sold and pricing.

Shrewsbury’s market volume in 2018 was slightly behind that of 2017, although prices were up by 5% in 2018

Unit sales were up slightly in December but off 30% from last December.

We also saw a sharp fall off in the list price/sale price ratio which dropped to 94%. It was previously holding steady at 98 to 100%.
These two factors confirm the weakening market that we have been feeling.

Despite these downward trends, our days on market are still low, with an average of 50 days on market in December.

Our inventory of homes tells a similar story-with 82 units on market at the end of 2018—this is up 40% more than the previous two years. If you are a Buyer, this data present a clear message that 2019 will be a great year for you to buy.

Looking at the high and low of the Shrewsbury market in December, a condo sold for $133,000, and a beautiful home sold for $2,750,000!

If you are a buyer—NOW is the time to get serious about your search. If you are a seller, the condition, location and price point of your home will be the factors most impacting the bottom line.

We love working with buyers as well as representing sellers in Shrewsbury—if 2019 is YOUR year to buy or sell, give us a call!

That’s your Thrive Real Estate Market Report for Shrewsbury through December, 2018. Here’s to a great 2019 for all!

 

Recent Market Updates

 

November 2018 Real Estate Market Update for Shrewsbury MA

October 2018 Real Estate Market Update for Shrewsbury MA

September 2018 Real Estate Market Update for Shrewsbury MA

August 2018 Real Estate Market Update for Shrewsbury MA

July 2018 Real Estate Market Update for Shrewsbury MA

Posted in: Blog, Market Updates, Realtors Shrewsbury MA, selling real estate in Shrewsbury MA, Shrewsbury MA, Shrewsbury MA Real Estate, Shrewsbury Real Estate, Shrewsbury Real Estate Agency, Shrewsbury Real Estate Market Updates Tagged: Real Estate Agents Shrewsbury MA, Real Estate Market Shrewsbury MA, Realtors Shrewsbury MA

About Maribeth Lynch

Maribeth McCauley Lynch is a real estate broker in Shrewsbury MA with over 20 years of experience in the industry. She specializes in buying and selling residential properties in Shrewsbury, Northborough, Westborough, Southborough, Boylston and Metro West areas of MA. Maribeth is completely dedicated to her clients and their needs. Her exceptional service and sales performance placed her among the Boston Top 20 real estate professionals in 2014. She is also recognized in local and national media as a real estate marketing expert. She is currently one of the hosts on “Ladies Night”, a local cable television show.

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From Our Blog

  • Thrive Real Estate Specialists Welcomes Grafton Realtor Ava Fantasia to their Team
  • Shrewsbury MA Real Estate Market Update December 2018
  • Shrewsbury Real Estate Market Update- November 2018
  • Home For the Holidays
  • Shrewsbury Real Estate Market Update- October 2018

Shrewsbury Real Estate Market Update

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Thrive Real Estate Specialists
Maribeth Lynch
26 Maple Ave.
Shrewsbury, MA 01545
Direct: (508) 641-9323
Maribeth@ThriveRealtors.com

Thrive Realtors, Real Estate, Shrewsbury, MA
 
 
 
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  • Home
  • For Buyers
    ▼
    • Featured
    • Find Your Dream Home
    • The Home Buying Process
    • Moving Checklist
    • Get Pre-Approved
  • For Sellers
    ▼
    • Home Valuation
    • Pricing Your Home
    • Preparing your Home for A Showing
  • Communities
    ▼
    • Boylston
    • Northborough
    • Shrewsbury
    • Westborough
  • About Us
    ▼
    • Agents
    • Google Reviews
    • Zillow Reviews
    • Testimonials
    • In The News
    • Sold By Thrive Realtors
  • Blog
  • Contact Us