Low inventory is a problem in many markets throughout Massachusetts. In a healthy market a particular neighborhood would have six months of inventory. Many neighborhoods are seeing inventory as low as one or two months. This means Lowell home buyers are not finding the homes they are looking for.
Chris Tryon, REALTOR ERA Key Realty Services ~ Lowell, said he speaks with Realtors throughout the state, and the main concern voiced by Realtors is that there are not enough listings.
One agent told of a recent story where a new listing had 19 offers on the first day listed. As the spring selling season approaches, now is the time to list if you have thought about selling your Lowell home in the past or may want to sell in the future. Call Chris Tryon to see if you live in a low inventory neighborhood.
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