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NORTH READING Real Estate: Single Family Homes Week Of January 13th, 2014

By
Real Estate Agent with LAER Realty Partners
NORTH READING Real Estate:
Single Family Homes Week Of January 13th, 2014

Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of January 13th, 2014. (Source: AltosResearch)

  For Week of January 13th, 2014
Median Price $450,000
Average List Price $506,460
Average Days on Market 80
Number of Homes On Market 19
Median House Size 1,862 sq ft.
Market Action Index 46.5 - 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 NORTH READING, MA this week is $450,000. The 19 properties have been on the market for an average of 80 days.

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO! 

Comments (5)

Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Very detailed market report for this town. Love the stats you share.

Jan 17, 2018 09:58 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Looks like North Reading market is getting hotter day by day. All the best.

Jan 17, 2018 09:58 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Median price and the average price for your market are so much more than what we have here in Columbus, OH.

Jan 17, 2018 09:59 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks a lot, Ajay for stopping by and your comments - really appreciate it.

Jan 17, 2018 10:09 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

You are right, the median price in this town is definitely high.

Jan 17, 2018 10:10 PM