The Tryon Report Lowell, MA Real Estate Market Update 10/8/2012

LOWELL, MA

 

Monday October 8, 2012

The median list price in LOWELL, MA this week is $229,450. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply & 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.

Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Are you looking to buy a home, condominium, townhouse or investment property in the Belvidere, Highlands, Pawtucketville, South Lowell, MA 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 highest quality 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 cutting edge advertising and marketing techniques to attract potential buyers.

The Chris Tryon Home Buying & Seliing System at ERA Key Realty Services 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 Chris Tryon Home Buying & Selling System provides exclusive homes for sale on a local, global and international stage. Search for properties , or find out what your house is worth by visiting http://www.lowellhomesonline.com the Chris Tryon Real Estate Group can help.

Chris Tryon
ERA Key Realty Services
508.372.6391
christryon@erakey.com

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