Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of September 16th, 2013. (Source: AltosResearch)
| For Week of September 16th, 2013 | |
| Median Price | $494.450 |
| Average List Price | $518.946 |
| Average Days on Market | 35 |
| Number of Homes On Market | 50 |
| Median House Size | 2,000 sq ft. |
| Market Action Index |
38.3 - 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 $494,450. The 50 properties have been on the market for an average of 35 days.
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
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