Lexington

Lexington

Market Insights

• Lexington went from having 100 closings in Q2 2019 to 75 in Q2 2020, which is a steep decline relative to the rest of the MetroWest. Nevertheless, there were several noteworthy sales in Q2 2020, which caused a 6% increase in average sales price year over year.
• 4 Adams Street sold for $3,000,000 and was the only $3M or higher sale this quarter in Lexington. Was originally listed for $3,285,000, a 9.5% discount from list
• Lexington had seven home sales under $800,000 this quarter compared to 11 sales in Q2 2019, illustrating the effect of the rising average prices on the affordability for first time homebuyers