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The median list price in LOWELL, MA this week is $199,900.
The Market Action Index has been basically flat recently, and days on-
market decreasing, there are not strong signals for the direction
of the market.
Suppy & Demand
The market has settled in at a relative stasis in inventory and sales
conditions. It’s a Buyer’s market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before
price trends change significantly.
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.