Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of September 30th, 2013. (Source: AltosResearch)
| For Week of September 30th, 2013 | |
| Median Price | $489.450 |
| Average List Price | $503,309 |
| Average Days on Market | 39 |
| Number of Homes On Market | 468 |
| Median House Size | 1,987 sq ft. |
| Market Action Index |
38.5 - 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, MAthis week is $489,450. The 46 properties have been on the market for an average of 39 days.
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
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