Lexington MA Single Family Market Statistics For The 3rd Quarter 2016

Home sales reports can tell you a lot about what is going on in a local market. Things can shift continuously, so it is important to remain current if you are contemplating purchasing or selling in Lexington. The Lexington MA single family market statistics for the 3rd quarter 2016 in this blog includes some of the latest sales figures.

Prices of Single Family Properties in Lexington MA

Home prices are a simple glimpse of an individual market. The average sale price of single family real estate in Lexington MA for the 3rd quarter 2016 was 1239709. During the same period of time the prior year, it was $1,127,369. This represents a 9.96 % difference. In the year before that, it was $1,110,167.

2016 $1,239,709
2015 $1,127,369
2014 $1,110,167

Lexington MA Market Transactions

Reviewing listing volume will provide hints on the real estate market. Low numbers can reflect reduced inventory, which contributes to a build up of demand and push up market values. This is often present in a sellers market. Alternatively, a lot of inventory may cause an excess. Buyers will have the advantage in this case as sellers must compete to get their properties sold.

In Lexington MA for the 3rd quarter 2016, the listing volume was 120. This is a -16.67% difference from the past year (which was144). Prior to that, it shifted 3.6% from 139 to 144.

2016 120
2015 144
2014 139

2016 3rd Quarter Average Days On Market in Lexington MA

Average days on market tell you the length of time it takes to attract a viable buyer. It may tell you how active the market is and what advantage, if any, you might have as a buyer or seller. When new listings are moving quickly, as a home buyer, you may not have the option of waiting very long before making a decision as the listing may go under agreement really fast. When listing to sell a home, it is helpful to maintain reasonable expectations for marketing efforts. Remember that the set price and presentation of an individual property will affect that also.

The Average days on market in Lexington MA for the 3rd quarter increased 3.85% from 52 to 54. In the time frame prior to that, it changed -8.77% from 57 to 52.

2016 54
2015 52
2014 57

 

Lexington MA Single Family Market Statistics For The 3rd Quarter 2016

For additional Lexington MA single family market statistics for the 3rd quarter 2016 or statistics for neighboring neighborhoods, contact Jeanne Umbrello , REALTOR at Wal-Lex Realty This information was extracted from the MA MLS Property Information Network, Inc. It is meant to provide a generic understanding of the market, is not guaranteed accurate, and may not encompass each single family sold in Lexington.