The median list price in LOWELL, MA this week is $219,90 Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
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.
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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