TEWKSBURY Real Estate:
Single Family Homes Week Of July 22nd, 2013
Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of July 22nd, 2013. (Source: AltosResearch)
| For Week of July 22nd, 2013 | |
| Median Price | $354,900 |
| Average List Price | $368,322 |
| Average Days on Market | 113 |
| Number of Homes On Market | 72 |
| Median House Size | 1,830 sq ft. |
| Market Action Index | 34.4 - Buyer's Slight 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 price in TEWKSBURY, MA this week is $354,900. The 72 properties have been on the market for an average of 113 days.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.
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