What is happening to affordable home prices in Westborough MA? Local Westborough Massachusetts Realtor is Concerned

Although spring is one of the busiest selling seasons, there have been no new Single Family Homes For Sale in Westborough MA under $1MM for the past 10 days
Location, consistently high ranked schools and a variety of housing choices has helped Westborough MA and home prices to thrive over the past decade. However, home prices have been rising very quickly in the community with the average price/sq ft increasing 23% over last year.

The MLS shows that single family homes under $1MM go under agreement quickly, often in less than a week. The average Days to Offer for homes in this pricing is only 22.

According to Liz Lassen, real estate listing agent at Lassen Realty [https://www.yelp.com/user_details?userid=nSfBV_yjZL1DEpC04ktEKA], "We need more housing inventory at price points that are within reach of younger families. It is a big concern to go almost 2 weeks without having any Westborough homes for sale in the $500K to $800k range."

Lower inventory of homes for sale, raises prices as demand increases. While increased housing prices are a boon to Westboro home sellers, people wanting to move into the area will choose other towns. Rising interest rates are also putting pressure on home buyers, especially first-time buyers. All of these factors are resulting in extra pressures on the Westborough housing market.

For more information, or to get all your questions answered, please send a message at https://lassenrealty.com/contact/ or call (508)561-1799.

ABOUT:

Lassen Realty is a boutique real estate brokerage located in Westborough and serves all of Central Massachusetts. Realtors Registered Mark Kosa and Liz Lassen bring Knowledge, Integrity and decades of real world experience to each client's real estate transaction.

Media Contact
Company Name: Lassen Realty, LLC
Contact Person: Liz Lassen
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=what-is-happening-to-affordable-home-prices-in-westborough-ma-local-westborough-massachusetts-realtor-is-concerned]
Address:21 Wheeler Rd
City: Westborough
State: MA
Country: United States
Website: https://lassenrealty.com/



This release was published on openPR.