The price correction has been taking place for more than a year. The interest rate is still very attractive, and it means it is a good time to be a buyer. There are 47 homes on the market at the present time, so there are very good choices. The average list price is $395,696 and the average days on market of 171. In the last 6 months, 24 homes sold for an average price of $335,555 and an average days on market of 165.
Taking into consideration that 24 homes sold in the last 6 months with days on the market of 165 days, Lancaster has approximately an 11 months of inventory. Homes that are priced correctly are moving well, but the more expensive or overpriced homes are staying on the market or expiring.
ZIP Code: 01523 Approximate Location Boundaries: Lancaster is bound by Bolton and Berlin on the East, Clinton on the South, Sterling on the West, Leominster and Harvard on the North.
Location Characteristics: Lancaster is a quiet college community with a population of about 7,000 people. The Bullfinch Church is a well-known building in this very old (over 350 years) town. Many gracious antiques line the main street and there are a number of areas of new construction in the town. Atlantic Union College provides many cultural events and the library is open to Lancaster residents. This is a wonderful small town with great access to major highways for easy commuting.
About Judy Reynolds & the Evergreen Realty Team:
I have been a professional real estate consultant for almost 25 years as a small town indepentant Realtor. The use of cutting-edge technology and professional experience make my Team the very best in the area. The Evergreen Realty Team is dedicated to providing excellent service to our clients and customers. Our web site was first designed in 1994 and www.EvergreenRealty.com offers the best information and tools to assist you with all your real estate needs. As Quality Service Certified professionals, we look forward to assisting you.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
