2015 Full Year Lexington MA Single Family Market Statistics

Real estate sales reports will tell you quite a bit about a specific market. Patterns willl shift monthly, so it is useful to stay up to date if you are in the market to buy or list in Lexington. The 2015 full year Lexington MA single family market statistics below may be useful if you are looking to purchase or sell in Lexington.

Single Family Home Prices in Lexington MA

Selling prices offer a simple glimpse of a particular market. Single family properties in Lexington MA sold for an average of 1158802 during full year 2015. For the preceding year, that figure was $1,135,163. Thus, it increased 2.08 %. Two years ago, the average was $993,358.

2015 $1,158,802
2014 $1,135,163
2013 $993,358

Activity in the Lexington MA Market

Reviewing number of properties sold can give you some insight on the housing market. Few sales usually result from lack of inventory, which then leads to pent up demand and drive up home prices. This is normally present in a sellers market. Alternatively, a lot of inventory can create a surplus. Home buyers may have the upper-hand in that case because sellers must compete for limited buyers.

In Lexington MA for the full year 2015, the number of properties sold was 475. This shows a 30.85% change from the past year (which was363). Prior to that, it shifted -4.47% from 380 to 363.

2015 475
2014 363
2013 380

2015 Full Year Average Marketing Time Frame in Lexington MA

Average marketing time frame is the amount of time it takes to attract a ready, willing, and able buyer. It can you give an indication of how active the market may be and what leverage you might have as a seller or buyer. When houses are selling fast, as a buyer, you might not have the option of waiting to act as the listing might go under contract really fast. As someone attempting to sell a house, it is helpful to establish proper expectations for how quickly you can secure an offer. Remember that the price and curb appeal of an individual house will impact that as well.

The Average marketing time frame in Lexington MA for the full year increased 5.48% from 73 to 77. During the previous period, it moved 12.31% from 65 to 73.

2015 77
2014 73
2013 65

2015 Full Year Lexington MA Single Family Market Statistics

For additional 2015 full year Lexington MA single family market statistics or details for neighboring communities, please contact Jeanne Umbrello at at Wal-Lex Realty These statistics were obtained from the Massachusetts MLS Property Information Network, Inc. It is intended to offer a basic overview of the real estate market, is not guaranteed, and might not account for every single family transacted in Lexington.