Lexington MA Real Estate 2010 Annual Report

 The Lexington MA real estate market improved in 2010 to the point whereby most analyists agree that the market bottom occurred in 2009.  Average sales prices for condominiums and single family homes continue to climb.  The number of transactions have stabilized and listing inventory has declined.  There is a strong pent-up demand and buyer confidence is returning to the marketplace.

The Lexington MA real estate market report indicates that there were 331 homes sold in 2010 as compared to 319 in 2009. This represents a 4% increase in the number of homes sold. The average sales price changed from $745,673 in 2009 to $826,864 in 2010, a 11% increase in value. The days on market changed -12 % from 105  to 92.

Single family transactions are approaching levels achieved in 2006-2007 which was the peak of the Lexington real estate market.  The average sales prices jumped sharply from the low point in 2009.

The Lexington, MA condominium market data indicates that there were 60 condos sold in 2010 as compared to 63 in 2009. This represents a 5% decrease in the number of condos sold. The average sales price changed from $516464 in 2009 to $526791 in 2010, a 2% increase in value. The days on market changed 1 % from 114 to 115.

Data for the Lexington, MA real estate report was compiled by Virtual Homes Real Estate using information from the MA statewide MLS and is not guaranteed to be accurate.