Lexington MA Single Family Market Statistics For The 3rd Quarter 2015

Real estate sales statistics will tell you quite a bit about the condition of a specific market. They might change often, so it is important to remain up to date if you are thinking of purchasing or listing in Lexington. The Lexington MA single family market statistics for the 3rd quarter 2015 below will be helpful if you are thinking of buying or selling in Lexington.

Single Family Home Prices in Lexington MA

Average selling prices offer a general indication of the market. For 3rd quarter 2015, single family homes in Lexington MA had an average sales price of 1127369. For the prior year, it was $1,110,167. This is a 1.55 % difference. Before that, the average was $1,016,346.

2015 $1,127,369
2014 $1,110,167
2013 $1,016,346

Lexington MA Market Activity Snapshot

Looking at volume of properties sold can offer hints on the market. Low numbers normally mean lack of inventory, which may result in a build up of demand and increase in prices. This can be apparent in a sellers market. Alternatively, a lot of inventory can result in a surplus. Buyers can have the advantage in this situation as sellers must compete to get their real estate sold.

In Lexington MA during the 3rd quarter 2015, the volume of properties sold was 144. This increased 0% from the year before (which was139). Before that, it shifted 0% from 139 to 139.

2015 144
2014 139
2013 139

Lexington MA 2015 3rd Quarter Average Days On Market

Average days on market is the length of time it takes to find a ready, willing, and able buyer. It may tell you how active the market may be and what leverage you could have as either a seller or buyer. When houses are moving in fewer days, as a buyer, you might not have the benefit of waiting delaying a decision as the house might be under agreement quickly. As a seller, it is critical to set proper expectations for marketing efforts. Keep in mind that the price and presentation of an individual home will influence this marketing frame.

The Average days on market in Lexington MA for the 3rd quarter decreased -8.77% from 57 to 52. This after it moved 32.56% from 43 to 57.

2015 52
2014 57
2013 43

Lexington MA Single Family Market Statistics For The 3rd Quarter 2015

For additional Lexington MA single family market statistics for the 3rd quarter 2015 or statistics for other neighborhoods, contact Jeanne Umbrello , REALTOR at Wal-Lex Realty This information was compiled from the MLS Property Information Network, Inc. It is meant to provide a general understanding of the real estate market, is not guaranteed accurate, and might not encompass every single single family transacted in Lexington.