Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of August 11th, 2014. (Source: AltosResearch)
| For Week of August 11th, 2014 | |
| Median Price | $512,450 |
| Average List Price | $577,837 |
| Average Days on Market | 54 |
| Number of Homes On Market | 40 |
| Median House Size | 2,456 sq ft. |
| Market Action Index | 42.3 - 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 $512,450. The 40 properties have been on the market for an average of 54 days.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result, though the market is still in the Seller's zone. Expect this trend to continue especially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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