TEWKSBURY Real Estate:
Condos/Townhomes Week Of September 8th, 2014
Here is a snapshot of real estate market for Condos/Townhomes in TEWKSBURY, MA for the week of September 8th, 2014. (Source: AltosResearch)
| For Week of September 8th, 2014 | |
| Median Price | $268,000 |
| Average List Price | $282,317 |
| Average Days on Market | 46 |
| Number of Homes On Market | 19 |
| Median House Size | 1,240 sq ft. |
| Market Action Index | 69.1 - Strong Seller's |
Data provided by ©2011 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 TEWKSBURY, MA this week is $268,000. The 19 properties have been on the market for an average of 46 days.
Demand measured by the Market Action Index is increasing and dayson- market is holding steady. With more properties coming available, conditions are mildly positive.
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.
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