Here is a snapshot of real estate market for Condos/Townhomes in BURLINGTON, MA for the week of July 21st, 2014. (Source: AltosResearch)
| For Week of July 21st, 2014 | |
| Median Price | $490,000 |
| Average List Price | $392,360 |
| Average Days on Market | 57 |
| Number of Homes On Market | 5 |
| Median House Size | 1,406 sq ft. |
| Market Action Index |
40.2 - Seller's Advantage |
Data provided by ©2012 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 BURLINGTON, MA this week is $490,000. The 5 properties have been on the market for an average of 57 days.
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.
Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.
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