Hows the Market? 1/17/2012 Lowell MA

The median list price in LOWELL, MA this week is $199,900.

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.

Supply & Demand

Home sales have been exceeding new inventory for several weeks.
However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Price

Again this week we see a downward notch for prices. Pricing has
been weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for the
durability of this trend.

Real Estate Market Chart by Altos Research www.altosresearch.com

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We go the extra mile to help you achieve your goals. That’s why we constantly research the market and property values so your home is priced effectively from day one. We also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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Call or email me today!
Chris Tryon
The Tryon Real Estate Group
Innovative Realty
978-265-7186
Or send me an email: Chris@christryon.com
http://www.lowellhomesonline.com

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