Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of June 23rd, 2014. (Source: AltosResearch)
| For Week of June 23rd, 2014 | |
| Median Price | $599,900 |
| Average List Price | $672,965 |
| Average Days on Market | 44 |
| Number of Homes On Market | 41 |
| Median House Size | 3,000 sq ft. |
| Market Action Index | 44.2 - Seller's Advantage |
Data provided by ©2014 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 $599,900. The 41 properties have been on the market for an average of 44 days.
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
The market has started cooling and prices have recently plateaued. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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