Here is a snapshot of real estate market for Condos/Townhomes in NORTH READING, MA for the week of September 8th, 2014. (Source: AltosResearch)
| For Week of September 8th, 2014 | |
| Median Price | $189,950 |
| Average List Price | $275,108 |
| Average Days on Market | 64 |
| Number of Homes On Market | 12 |
| Median House Size | 962 sq ft. |
| Market Action Index | 33.3 - 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 $189,950. The 12 properties have been on the market for an average of 64 days.
The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs for the market.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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