The decline in sales is attributed to a lack of inventory in Lexington and many other Massachusetts communities. That supply and demand inbalance has lead to a spike in median home prices in Lexington, MA.

The median price for a single family home in Lexington increased from $657,444 in June 2012 to $812,800 in June 2013, a 26.3 increase. The median sale price from January through June stood at $775,000, up 11.8 percent compared to a median price of $693,500 during the same period last year. 

Middlesex County saw an increase in home sales in June, with 1,412 single-families selling compared to 1,381 in June 2012.

The median price of a single-family home in Massachusetts increased 12 percent during the first six months of the year compared to the same period in 2012. The median price of a single-family home during the first half of the year stood at $315,000, up from $281,000 during the first half of 2012. Massachusetts home prices increased almost 9 percent in June to $350,000, up from $321,800 in June 2012. June marked the ninth consecutive month of year-over-year home price increases in Massachusetts, and the highest median price since August 2007. 

Lexington, MA Homes For Sale

Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $400,000 - $500,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $500,000 - $750,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $750,000 - $1,000,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,000,000 - $1,250,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,250,000 - $1,500,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,500,000 - $1,750,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $1,750,000 - $2,000,000
Single Family / Condo Properties for Sale in Lexington, Massachusetts Between $2,000,000 - $5,000,000