Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of August 26th, 2013. (Source: AltosResearch)
| For Week of August 26th, 2013 | |
| Median Price | $489,450 |
| Average List Price | $514,327 |
| Average Days on Market | 32 |
| Number of Homes On Market | 48 |
| Median House Size | 2,004 sq ft. |
| Market Action Index |
39.9 - 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 $489,450. The 48 properties have been on the market for an average of 32 days.
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure
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