Get Natick and Metrowest Listings and Market Information

Work with Robb Enterprises real estate to buy, sell, or lease property that is right for you

  • Properties
    • For Rent
    • For Sale
    • Vacation Rental
    • Commercial
  • Specialty Properties
    • Natick New Construction
    • Natick Waterfront
    • Natick Apartments 01760
    • Section 8 Advertised Properties
  • Agents
  • Compare
  • Blog
  • Contact Us

Massachusetts Single Family Market Insights ’23 Q3

October 31, 2023 by Stephen E. Robb Leave a Comment

We all have felt the supply crunch over the last couple years, but it just seemed to increase in intensity in Q3 this year. Looking at the single-family market, in Q3 2023, we were running an average of 4,170 homes available. This same period last year, we averaged 5,574. That is a 25.2% decrease in available homes! 

On a national level, you will hear that available inventory is on the rise, which is true. However, there is more to the story. Months supply of inventory is calculated by finding the total number of active listings and then dividing by the average number of monthly sales. According to NAR, total sales on a national level were down to 4.04 million through August, which is a decrease of more than 15% compared to last year. As the number of home sales drops, the number of listings needed to keep inventory levels flat drops as well. 

With the inventory crunch, we are still seeing prices appreciate as a whole. The single-family median sales price rose 5.21% compared to Q3 2022. That was an amazing increase with mortgage rates at a 27-year high during the same period. As always, real estate is a local business, and I have seen some local markets’ average prices decrease in Q3. It could be the mix of properties closing, and it could also be adjustments to the higher rates hitting certain markets more than others. The key is to be sure of your primary markets by using our market reports here in Pinergy. You may be surprised at the local story being different than the national results. 

Sale-to-list price ratio in Q3 climbed up compared to Q3 2022 as well, 102.08 compared to 101.70—not far off from 103.79 in Q3 2021. This tells me that competition is on an upswing while fewer homes are available and that the demand for housing still outweighs the available inventory, pushing prices up. Buyers will need to act quickly to stay competitive in this market. 

Finally, with the number of closed single-family units dropping 24.68%, the Q3 sales volume dropped to below 2019 levels. While this isn’t the news we want to hear, we can be encouraged by the opportunities sellers have to list in a very hot market with a very focused buyer pool ready to act.

We learn each year is different on some level, and this year has proven that again. I still believe this market holds great opportunity that can be very positive for sellers and buyers in the right situations. I wish you all the best for a prosperous and strong finish to 2023!

Feel free to give us a shout to discuss your market or real estate plans. We look forward to hearing from you. (508) 258-9589 or Contact Us

Posted with help from MLS Property Information Network, Inc.

Filed Under: Market Review Tagged With: analytics, data, Market Review, Massachusetts

ALS Research: 100 Innings of Baseball over 30+ Hours

October 8, 2023 by Stephen E. Robb Leave a Comment

Stephen E. Robb: A Champion on and off the Baseball Field, Raises Record-Breaking Funds for ALS Research

Natick, MA — [10/9/2023] — Stephen E. Robb, President of Robb Enterprises Real Estate in Natick, is celebrating a significant milestone as he participated for the fifth time in the “100 Innings for ALS Research” event, organized by The Angel Fund. This year, Stephen’s remarkable dedication led him to consistently raise the most money as an individual participant for a cause that hits close to home.

The 100 Innings for ALS Research event is a Herculean marathon baseball game that stretches over 30 hours, uniting baseball aficionados, compassionate friends, and passionate supporters in a shared mission to raise funds and awareness for ALS (Amyotrophic Lateral Sclerosis), also known as Lou Gehrig’s disease, research. It is an event where tears are shed, embraces are shared, and the love for the sport and the resilience of the human spirit shine brightly.

For Stephen E. Robb, the fight against ALS has a deeply personal connection. His cousin, Patti Gorgone, exhibited heroic strength in her battle with ALS, which she ultimately succumbed to in 2011. In honor of her memory and as a testament to his unwavering dedication to making a difference in the fight against ALS, Robb has become a steadfast participant in this life-affirming event.

The funds raised during the 100 Innings for ALS Research event support The Angel Fund’s pioneering research initiatives, advancing the quest to discover effective treatments and, ultimately, a cure for ALS. Stephen’s exceptional fundraising achievements have consistently set new records, underlining his commitment to the cause.

But the event is about much more than numbers. It is a celebration of life and an opportunity for participants to come together with friends who have shared their journeys through the harrowing challenges of ALS. It’s a platform for stories, support, and a shared determination to create a brighter future for those affected by the disease.

Stephen E. Robb not only demonstrates exceptional dedication to ALS research but is also a prominent figure in the Boston baseball community. Serving on the Board of Directors of the Yawkey Baseball League and being a loyal member of the Brighton Braves baseball team for over a decade, his passion for the sport is unwavering.

“We are on the baseball field for a purpose that transcends the game. We remember our loved ones who fought ALS, and we strive to create a world where others won’t have to endure the same pain,” said Stephen E. Robb. “Raising funds is important, but so is the camaraderie, the shared stories, and the strength we find in each other.”

Stephen’s commitment extends beyond the baseball field. Patti’s daughter, Gorgone’s daughter, achieved Olympic glory as a snowboarder, representing the United States in the 2006 Winter Olympic Games in Turin. This remarkable family history showcases the resilience and determination that runs in their blood.

The media and the public are invited to witness this extraordinary display of endurance and unity in the fight against ALS. Event details, including date, time, and location, can be found on The Angel Fund’s website at www.TheAngelFund.org.

Want to know even more about the 100 Inning Game, check out the documentary just released on Amazon here. The 100th Inning

About Stephen E. Robb:

Stephen E. Robb is the President of Robb Enterprises Real Estate in Natick, MA. He is a dedicated philanthropist and an active member of the Boston baseball community, serving on the Board of Directors of the Yawkey Baseball League and playing for the Brighton Braves baseball team.

About The Angel Fund:

The Angel Fund is a non-profit organization dedicated to raising funds and awareness for ALS research. The organization has a long history of supporting research efforts to find a cure for ALS. To learn more or make a donation, visit www.TheAngelFund.org.

Filed Under: Sport Tagged With: 100 Innings of Baseball, ALS, Baseball, Charity, Columbus Day, Lou Gehrig, Philanthropy, Yawkey Baseball League

Town of Belmont, MA 2021 to 2022 Trash and Recycling Schedule and Guide

August 9, 2021 by Stephen E. Robb Leave a Comment

Did you lose your Trash and Recycling Schedule and Guide for Belmont, MA? Feel free to download it here or forward it on to your tenants to help keep our streets clean and our planet green.

 

Did you lose your Trash and Recycling Schedule and Guide for Belmont, MA? Feel free to download it here or forward it on to your tenants to help keep our streets clean and our planet green.

Town of Belmont 2021 to 2022 Trash and Recycling Schedule and Guide

Filed Under: Real Estate Tagged With: Belmont MA, Recycling

Town of Natick, MA 2021 to 2022 Trash and Recycling Schedule and Guide

August 9, 2021 by Stephen E. Robb Leave a Comment

Did you lose your Trash and Recycling Schedule and Guide for Natick? Feel free to download it here or forward it on to your tenants to help keep our streets clean and our planet green.

Town of Natick 2021 to 2022 Trash and Recycling Schedule and Guide

Filed Under: Uncategorized Tagged With: Natick, Recycling

Recent Posts

  • Massachusetts: May 2024 Market Update
  • Home Buyer Blues in Massachusetts: Sales Plummet to 12 year low While Prices Hit Record Highs
  • November: Massachusetts Homes Remain Under Pressure: Sales Plummet While Prices Hit Records
  • Massachusetts Housing Market Sees Record-High Prices Despite Decreasing Sales
  • Massachusetts Single Family Market Insights ’23 Q3

Categories

  • Business
  • Market Review
  • News
  • Office Space Wanted
  • Real Estate
  • Reference
  • Sport
  • Uncategorized

Recent Comments

    Tags

    100 Innings of Baseball Advisory Committee ALS analytics Baseball Belmont MA Charity Columbus Day Condo Prices data Framingham Lou Gehrig Market Review Massachusetts Natick Office Space Philanthropy Recycling South Natick Dam Statistics The Warren Group Yawkey Baseball League

    Copyright © 2025