TEWKSBURY Real Estate:
Single Family Homes Week Of September 22nd, 2014
Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of September 22nd, 2014. (Source: AltosResearch)
For Week of September 22nd, 2014 | |
Median Price | $397,000 |
Average List Price | $399,224 |
Average Days on Market | 54 |
Number of Homes On Market | 69 |
Median House Size | 1,954 sq ft. |
Market Action Index | 43.0 - Seller's Advantage |
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 $397,000. The 69 properties have been on the market for an average of 54 days.
Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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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