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Shrewsbury Real Estate Market Update August 2018

Real Estate Market Update for Shrewsbury Massachusetts | August 2018

Hi, I’m Maribeth Lynch from Thrive Real Estate Specialists, and this is your Shrewsbury market report through the end of August 2018.

The Shrewsbury real estate market remains strong!

Year to date, the total market volume is up 10% over the prior year. This comes from an equal combination of more home sales and higher prices.

The number of days on market for sold homes remains surprisingly low. The average in August was 31 days vs. the 39 days for last August.

Let’s consider inventory. As of September 1 there were 98 units available in Shrewsbury which is much more than the February 1 low point of the year which was 48 units. But this increase in inventory is probably typical for a fall market as this year’s pattern is almost identical to last year’s.

We already discussed days on market for houses that sold, but let’s take a look at days on market for properties that are still on the market. As of September 1 last year, the average days on market was 102 while this year it is down to 75 days.
So we are seeing shorter cycles not only for sold homes but for homes remaining on the market. This is a healthy trend.

Now a quick look at the TOP and the BOTTOM of the market. In August there was a sale at $103,900 while at the other end of the market, a home was sold at $1,180,000. This large range is typical for Shrewsbury and suggests that for most people, Shrewsbury will have something in their price range.

In summary,
Shrewsbury continues to have a healthy real estate market.
Home sales are up and prices are increasing.
Inventory is high enough to offer a reasonable selection, while desirable homes are still moving fast.

That’s your Thrive Real Estate Market Report for Shrewsbury through August, 2018.
School is in session, fall has officially begun, and soon the leaves will be changing. This is a great time of year in New England. Enjoy!

Recent Market Updates

July 2018 Real Estate Market Update for Shrewsbury MA

Posted in: Shrewsbury Real Estate Market Updates Tagged: Buying and selling homes for sale in Shrewsbury MA, Real Estate Market Shrewsbury MA, Shrewsbury MA Real Estate

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

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      • Home
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        • Find Your Dream Home
        • The Home Buying Process
        • Moving Checklist
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      • For Sellers
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        • Preparing your Home for A Showing
        • Sold by Thrive Realtors
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        • Grafton
        • Holden
        • Northborough
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      • Home
      • For Buyers
        ▼
        • Featured
        • Browse Properties by Town/City
        • Find Your Dream Home
        • The Home Buying Process
        • Moving Checklist
        • Get Pre-Approved
      • For Sellers
        ▼
        • Pricing Your Home
        • Preparing your Home for A Showing
        • Sold by Thrive Realtors
      • Communities
        ▼
        • Boylston
        • Grafton
        • Holden
        • Northborough
        • Shrewsbury
        • Westborough
        • Worcester
      • About Us
        ▼
        • Agents
        • Google Reviews
        • Zillow Reviews
        • Testimonials
        • In The News
      • Blog
      • Contact Us
      • SOLD by Thrive