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MAR Market Review - Qtr 1 2022

Local Real Estate Market Update Reports from MARThe Massachusetts Association of Realtors (MAR) has published the latest housing market report for the towns and cities in our state. Our summary covers Acton, Bedford, Carlisle, Concord, Lexington, Lincoln, Westford and Winchester, along with 54 other towns and cities where we have represented buyers and sellers. This report includes property sales data from the year so far and compares that to the previous year, giving a good indicator how the market has performed in the first quarter. Whether you are buying or selling, these reports can give you an insight into trends in each town. You can look at days on market to see how fast homes are moving, check how many homes sold compared to the previous year to understand the demand, and see how the list prices compared to sale prices to comprehend how competitive the market is. However for a full market analysis you should talk to an experienced realtor. They'll be able to give you a more detailed evaluation of your home, taking into account specific property and neighborhood details and including information about recent comparable sales, to give you the true picture.

Looking forward, we are already seeing signs of change – inventory is increasing as the spring market heats up, interest rates are on the rise, and more people are returning to work in person, all of which have an impact on demand. If you are thinking about selling, there is still time to take advantage of the fast-paced market we’ve seen in the first quarter of the year. Click here to find out what your home is worth and get in touch to realize the full value of your home in today’s market.

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