Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of September 15th, 2014. (Source: AltosResearch)
| For Week of September 15th, 2014 | |
| Median Price | $484,900 |
| Average List Price | $568,051 |
| Average Days on Market | 66 |
| Number of Homes On Market | 46 |
| Median House Size | 2,211 sq ft. |
| Market Action Index | 37.3 - 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 $484,900. The 46 properties have been on the market for an average of 66 days.
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook 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. 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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