Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of March 24th, 2014. (Source: AltosResearch)
| For Week of March 24th, 2014 | |
| Median Price | $424,375 |
| Average List Price | $439,177 |
| Average Days on Market | 47 |
| Number of Homes On Market | 42 |
| Median House Size | 1,726 sq ft. |
| Market Action Index | 41.2 - 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 The median list price in WOBURN, MA this week is $424,375. The 42 properties have been on the market for an average of 47 days.
Inventory is up and Market Action is trending down recently. While dayson- market appears to be trending lower, the overall conditions are weakening a bit.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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