Fall market continues to be a story of limited inventory affecting prices and availability. The market is still moving quickly – homes go from listed to under agreement in around 30 days in Westford and Lincoln. Average list price and sold price was up in 5 out of 7 of our core towns - and by 42% in Concord. Days on market were also down by more than 40% in Acton and Lincoln. Sale price outpaced list price again this month, by an average of 5% in Acton and Concord. But things have improved for buyers since last fall – the total market volume is up overall and by almost 80% in Lexington. And on market listings as of Nov 1st are up by more than 30% from last year in Acton and Winchester. So compared to last year, there are more homes on the market and available to buy. However, a year of low availability means there are still more buyers than homes for sale, which is keeping prices up and leading to shorter days on market overall.
For a more detailed analysis of the housing market in your area, contact one of our real estate professionals. Search by town to find someone who has their finger on the pulse where you live.