The Sudbury real estate market in December experienced an expected, seasonal slowdown as Sudburians focused on the holidays rather than listing or buying homes in December. Average selling prices saw a boost month over month as well, which may have been influenced by the decrease in active listings month over month.

New listings in Sudbury decreased by 47% month over month, which impacted active listings being down 15% since November. Looking at December 2023 vs December 2022, new listings are higher than last year, up 15%, and active listings, similarly, are up 18% year over year. 

Sales followed suit to the new listings and active listings trends and were also down 32% month over month. Year over year, sales were up a marginal 5%. 

Homes are sitting on the market longer than last month with a median days on market of 39. Compared to November, that’s 14 days longer, while compared to December 2022, it’s 11 days longer. 

Properties in Sudbury were listed for an average of $451,108, which was down 6% month over month but up 3% year over year. Looking at the median list price, it was $349,450, down 12% compared to November and at par compared to December 2022.

As for average and median sale prices, average selling price was $456,854, up 11% month over month and up 29% year over year. Median selling price was $381,301, up 2% compared to November and up 13% year over year.

 

 

 

 

 

 

 

Now into January we are starting to see listings pick up and sellers start to plan for their spring sales. With interest rates holding steady currently and with some sources noting that interest rates will likely decrease a some point within 2024, we are expecting to see some buyers who were taking a “wait and see” approach head back into the market this year.