Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of July 21st, 2014. (Source: AltosResearch)
| For Week of July 21st, 2014 | |
| Median Price | $527,700 |
| Average List Price | $614,718 |
| Average Days on Market | 55 |
| Number of Homes On Market | 42 |
| Median House Size | 2,347 sq ft. |
| Market Action Index | 42.2 - 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 $527,700. The 42 properties have been on the market for an average of 55 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We'll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller's Market zone to the Buyer's Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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