OCTOBER – 2011 Newsletter by Chris Tryon

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OCTOBER – 2011 Newsletter Housing Trends eNewsletter


Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.



Please click here to view the OCTOBER – 2011 Newsletter Housing Trends eNewsletter.

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Lowell MA Real Estate Update

Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these
are mildly positive indications for the market.

Monday October 3, 2011
The median list price in LOWELL, MA this week is $234,000.

SUPPLY & DEMAND

Home sales have been exceeding new inventory for several weeks.
While still a Buyer’s market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to
keep marching upward, especially once we see a Seller’s Market

PRICE

Prices continue their climb again this week. We’re a long way
from the market’s price high-point so watch the Market Action
Index as an indicator of how long this trend will last

Median List Price $234,000
Asking Price Per Square Foot $138
Average Days on Market (DOM) 138
Percent Flip (price increased) 2%
Median Lot Size 6,501 – 8,000 sqft
Median House Size (sq ft) 1632
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0