Lowell, MA Real Estate Market Update 2/26/2012 by Chris Tryon

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

The median list price in LOWELL, MA this week is $197,450

Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.

Supply & Demand

The market has been consistently cool for several weeks. Demand
level are low relative to the available inventory. It’s a Buyer’s
market and prices continue to fall. Look for a persistent shift in
Market Action before prices plateau or begin to rise again.

Price

This week prices bumped up a bit but the trend of recent weeks
is generally downward. A pickup in demand will be reflected in
the Market Action Index, so watch that chart to try to identify a
change in the market

Are you looking to buy a home, condominium, townhouse or investment property in the Belvidere, Highlands, Pawtucketville, South Lowell, Centerville and Downtown areas of Lowell , Massachusettes?

Let us help you find everything you need to know about buying or selling a home! As one of the preeminent, professional real estate teams in The Merrimack Valley for over 10 years, we are dedicated to providing the finest service available while breaking new ground.

Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

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.

The Tryon Real Estate Group at Innovative Realty is the most comprehensive online source for real estate listings, from luxury homes to Downtown condominiums & lofts, incredible Bank Owned foreclosure opportunities and investment properties.The Tryon Real Estate Group provides exclusive homes for sale on a local, global and international stage. Search for properties by visiting http://www.lowellhomesonline.com the Tryon Real Estate Group can help

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s