TEWKSBURY Real Estate:
Single Family Homes Week Of February 24th, 2014
Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of February 24th, 2014. (Source: AltosResearch)
| For Week of February 24th, 2014 | |
| Median Price | $369,900 |
| Average List Price | $376,671 |
| Average Days on Market | 75 |
| Number of Homes On Market | 41 |
| Median House Size | 1,760 sq ft. |
| Market Action Index | 35.8 - 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 TEWKSBURY, MA this week is $369,900. The 41 properties have been on the market for an average of 75 days.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
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.
Comments(4)