greater lawrence market trends: Merrimack Valley Market Trends Through November 2008 - 12/05/08 03:35 PM
It Appears Some Towns Have Reached the Bottom
The number of Active Single Family Listings throughout the Merrimack Valley has declined slightly over the past month (except for Tyngsborough and Lawrence where the number of active listings has remained unchanged when compared to this time last month). However, the Average Days on Market (DOM) has increased in numerous towns. Declining inventory levels are a good sign, and as we near a balanced supply more towns should begin to see values stabilize. The number of transactions typically slow during the holiday season, so expect the DOM to continue to rise.
Single Family … (2 comments)
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greater lawrence market trends: Are We Nearing the Bottom - 11/08/08 06:03 PM
Be fearful when others are greedy. Be greedy when others are fearful. - Warren Buffett
Opportunity abounds throughout the Merrimack Valley. Inventory levels in most communities remain above 6 months (a 5-6 month supply is considered normal and balanced) which gives Buyers plenty to choose from. The number of transactions in most cities and towns has remained stable over the past few months, and inventory levels in most areas are continuing to decline. This remains an excellent market for first time buyers, seasoned investors looking to add to their portfolios, new investors looking to build their portfolios, and those with equity … (1 comments)
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