TEWKSBURY Real Estate - Week Of October 15th, 2012


Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of October 15th, 2012. (Source: AltosResearch)

  For Week of October 15th, 2012
Median Price $354,900
Average List Price $385,247
Average Days on Market 105
Number of Homes On Market 116
Median House Size 2,100 sq ft.
Market Action Index 17.4 - 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 up and Market Action is trending down recently. While days-on-market appears to be  trending lower, the overall conditions are weakening a bit.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

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This post has been included in Massachusetts Real Estate News Middlesex County, MA Real Estate News Tewksbury, MA Real Estate News
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