Sudbury Housing Update - More Sales; Higher Prices; Fewer Homes for Sale

Summary: The number of closed sales of single family homes in Sudbury continues to increase over 2011. Median sale prices were also higher during July 2012 than in July 2011. Inventory levels continued to shrink.

Closed Sales July 2012: there were 26 closed sales during July 2012, up from 23 during July 2012. The median sale price was $705,000, 15.6% higher than the July 2011 median of $610,000.

Pending Sales:  There were fewer pending sales for single family homes in Sudbury than in July 2011. 23 compared with 29. Only 16 new listings came on the market in July; buyers are waiting for more choices.

Y-T-D through July 31, 2012: Closed sales were up by 51.5% in Sudbury for the first seven months of 2012; there were 147 up from 97 for the same period in 2011. The 2012 median sale price was $642,500 was .04% lower than last year for the same period.

Current (8/27): There are 114 single family homes for sale in Sudbury; last year there were 132. List prices range from $114,900 to $2,495,000. The median list price is $747,000; the average is $869,382. Last year at this time the median list price was $759,000; the average was $908,454. If you’re thinking about selling your home in Sudbury, lower inventory makes this a good time; don’t wait for more competition! See current listings in Sudbury.

Condominiums: There was only 1 closed sale during July; last July there were 2. Year to date, through 7/31 sales were also lower – 12 compared with 15 in July 2011.

Sale prices: the median sale price for condominiums in Sudbury was up 51.2% in July 2012 from July 2011. Click here for the latest report from the Greater Boston Real Estate Board.