Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of August 12th, 2013. (Source: AltosResearch)
| For Week of August 12th, 2013 | |
| Median Price | $493,000 |
| Average List Price | $522,887 |
| Average Days on Market | 24 |
| Number of Homes On Market | 47 |
| Median House Size | 2,000 sq ft. |
| Market Action Index |
46.1 - 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 $493,000. The 47 properties have been on the market for an average of 24 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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