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TEWKSBURY Real Estate: Single Family Homes Wk Of September 22nd, 2014

By
Real Estate Agent with LAER Realty Partners

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. 

SEARCH ALL AVAILABLE TEWKSBURY HOMES FOR SALE, LIKE I DO!

Comments (5)

Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Very detailed market report for this town. Love the stats you share.

Mar 31, 2018 09:49 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Looks like Tewksbury market is getting hotter day by day. All the best.

Mar 31, 2018 09:49 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Median price and the average price for your market are so much more than what we have here in Columbus, OH.

Mar 31, 2018 09:49 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

A very good market report for the single-family homes market in Tewksbury.

Mar 31, 2018 09:49 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

I like the idea of Market Action Index - gives clear picture of the market here.

Mar 31, 2018 09:49 PM