The median list price in LOWELL, MA this week is $219,800.
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties
come available, these are positive trends for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks.
Since this is a Buyer’s market prices are not yet moving higher as
excess inventory is consumed. However, as the supply and demand
trends continue, the market moves into the Seller’s zone, and we are
likely to see upward pressure on pricing.
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
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