Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of March 18th, 2013. (Source: AltosResearch)
| For Week of March 18th, 2013 | |
| Median Price | $364,900 |
| Average List Price | $397,314 |
| Average Days on Market | 104 |
| Number of Homes On Market | 73 |
| Median House Size | 1,912 sq ft. |
| Market Action Index | 29.0 - Almost Seller's Advantage |
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.
The median list price in WOBURN, MA this week is $364,900. The 73 properties have been on the market for an average of 104 days.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
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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