Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of October 21st, 2013. (Source: AltosResearch)
| For Week of October 21st, 2013 | |
| Median Price | $404,900 |
| Average List Price | $442,405 |
| Average Days on Market | 49 |
| Number of Homes On Market | 58 |
| Median House Size | 1,870 sq ft. |
| Market Action Index | 36.8 - Seller's Advantage |
Data provided by ©2011 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 WOBURN, MA this week is $404,900. The 58 properties have been on the market for an average of 49 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
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.
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