Area markets - the sky isn't falling

I've been a bit delinquent about updates here. I spent a month or more upgrading my website and getting some meaningful information posted to help anyone looking to buy or sell in the greater Lexington area. Please go and take a look over at www.GreatLexingtonHomes.com.

I just finished updating the area market reports on the site. Looking at Lexington, Bedford, Arlington, Burlington, Waltham and Woburn I can safely say that the sky is not falling. It seems that a lot of people are sitting tight and the market volumes are down from historical levels. The good news in this is that for the most part single family home prices have remained relatively stable. Off from their 2005 highs, but no catastrophic price drops.

There are detailed reports for all of the towns on my site if you are interested. Also for condos in Arlington, Waltham, and Woburn. The Woburn Condo market is the only area market showing significant distress.

I hope that we will see some constructive action from our new President and his reinforced congressional support. That way when everyone comes out of hibernation in the spring, buyers will have an easier time getting mortgages and the sellers will be more willing to offer their property up for sale.

In the meantime, if you have to sell most of the area markets are in need of homes priced to sell. So give me a call and I'll help. If you are looking to buy, now is a good time to negotiate a great buy so again, give me a call.