New Weakening in Contracts for Methuen Real Estate Market

Sales fell in the Methuen market to 64 homes sold over the last 30 days. It's also under an identifiable downward trend in the number of contracts closing, with this week's number falling to 74. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price climbed to $304,250, up from last week's $299,450. With only two months of inventory to sell, Methuen is a still strong seller's market, even after taking into consideration the falling contracts numbers.

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Demographic facts for Methuen:

  • The average elevation is 139 ft.
  • The median income is $62,079 per household.
  • The student per counselor ratio in this area is 316:1. (513:1 = national average)

Data reported through 10/12/2016

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