There is a good chance you’ve been hearing about the hot Lowell real estate market. Like many Lowell homeowners you might be considering a move but you’ve been waiting for the right time. As a real estate professional specializing in the Lowell area I’m thrilled to report a positive outlook for those who are thinking about selling.
Below are statistics that indicate it may be a sellers market.
– According to the National Association of Realtors inventory of available homes has decreased 7.1% in the last year. In January of 2017 there was a 3.6 month supply of homes, this is below the 6 month supply that many real estate professionals consider normal.
– The number of homes sold according to the National Associations of Realtors was 15.4% percent higher in last year, this dramatic increase in sales signifies a hot real estate market. Additionally the number of homes for sale during the same time period is 8% lower. Fewer homes for sale generally indicates a sellers market.
– Additionally the National Associations of Realtors reported that single family home prices nationwide have risen 7.1% over the last year.
I am sharing this information with you because inventory in Lowell is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for.
If you’ve thought about selling please visit www.lowellhousevalues.com. I’d love to share my Sellers Edge Program a proven system backed by market research to Sell Your Lowell Home for up to 18% More Money than the methods of traditional real estate agents.