Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of January 2nd, 2012. (Source: AltosResearch)
||For Week of January 2nd, 2012|
|Average List Price||$431,392|
|Average Days on Market||128|
|Number of Homes On Market||52|
|Median House Size||2,085 sq ft.|
|Market Action Index||17.8 - Strong Buyer's|
Data provided by ©2011 Altos Research LLC.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.