Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of July 29th, 2013. (Source: AltosResearch)
| For Week of July 29th, 2013 | |
| Median Price | $499,900 |
| Average List Price | $523,279 |
| Average Days on Market | 45 |
| Number of Homes On Market | 43 |
| Median House Size | 2,212 sq ft. |
| Market Action Index |
45.4 - Seller's Advantage |
Data provided by ©2012 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 BURLINGTON, MA this week is $499,900. The 43 properties have been on the market for an average of 45 days.
Inventory and days-on-market are bth trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.
Comments(1)