If you’re wondering what’s happening in the real estate market north of Boston, we’ve got the latest update for you! Let’s take a look at how single-family home sales in Middlesex and Essex counties compared in February 2025 versus February 2024.
Inventory Trends
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The number of active properties in Middlesex County decreased by 9%.
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In Essex County, active listings declined by 2%.
Home Sales
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The total number of homes sold in Middlesex County was down 2%.
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In Essex County, sales were up by 14%, showing an increase in buyer activity.
Days on Market
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Homes are selling at a consistent pace, with the average days on market remaining at 43 days.
Home Prices
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The median sales price in Middlesex County rose from $760,000 to $843,000, an 11% increase.
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In Essex County, the median price dropped slightly from $690,000 to $675,000, a 2% decrease.
What Does This Mean for Home Values?
While the median price in Essex County declined slightly compared to last year, this doesn’t necessarily indicate a drop in home values. Overall, we continue to see home appreciation, and some fluctuations month to month are normal.
Market Insights
As we approach the spring market, inventory is starting to increase. Buyers are active, and we’re seeing multiple offers on homes. In some cases, homes are selling for more than what comparable sales (comps) suggest. This is a strong sign that demand remains high.
Thinking About Buying or Selling?
If you’re considering a move in or out of the suburbs north of Boston, now is a great time to strategize. Give us a call at 617-275-3379 to discuss your real estate goals.. We’re here to help you navigate this dynamic market with expert guidance.
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