Lee, MA

Real estate in Lee, MA is a hot commodity. The town has a population of just over 10,000 people and is located just outside of Boston. There are many reasons why real estate in Lee, MA is so popular. First and foremost, the town is located in one of the most desirable areas of Massachusetts. Second, the town has a strong economy with many businesses expanding or moving into Lee recently. Finally, there are plenty of homes for sale in Lee and the surrounding area.

One reason that real estate prices have been increasing so rapidly in Lee is because there are so many new homes being built in the area. In fact, according to recent statistics from Trulia, there were more than 1,000 new home construction projects underway as of early 2018! This influx of new homes means that there are always plenty of options for buyers looking for a home in Lee.

Another reason that real estate prices have been increasing so rapidly in Lee is because demand outstrips supply frequently times. For example, according to Zillow’s Home Value Index data from January 2018 through December 2018 (the most recent data available), the median home value increased by 7% across all ZIP codes within Massachusetts (including those within Boston). However, while this increase was modest compared to some other states such as California or Florida where median home values increased by double digits during this time period, it was still enough to drive up prices significantly within Lee and other nearby ZIP codes.

In addition to rising prices due to limited supply and strong demand from buyers and sellers alike, another factor contributing to high real estate values in Leeis that the town has seen very little turnover over the past few years which means that properties are generally newer and nicer than they would be if they had undergone more frequent sales cycles. As a result of all these factors – limited supply combined with high demand from buyers and sellers – it’s no surprise that real estate prices have continued to rise rapidly throughout much of2018and 2019in Leeand its surrounding areas!