It's a great time to Buy! There are still many excellent opportunities in the Merrimack Valley.
If you don't believe me, take a look at the recent activity.
As usual, May and June were busy months for closing attorneys, their staffs, the clerks at the Registry of Deeds, and moving companies (or friends with pickup trucks). Closings fell off slightly in July (the numbers below reflect sales through July 25th). However, July is historically a slow month as it is a popular vacation month. I am expecting activity, especially in the first time buyer market, to pick back up over the next couple of weeks. Condominium sales continue to be slow, however, there are good deals out there. There have been numerous new condominium developments created over the past 5-6 years which has saturated the condominium market in the Greater Lowell area, and has created an over supply. This has contributed to the declining condominium values. The availability of affordable, entry level, single family homes in the area has also led many buyers to stray from the condominium market to persue single family options.
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