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.
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
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