Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of September 29th, 2014. (Source: AltosResearch)
| For Week of September 29th, 2014 | |
| Median Price | $569,900 |
| Average List Price | $577,051 |
| Average Days on Market | 72 |
| Number of Homes On Market | 37 |
| Median House Size | 2,281 sq ft. |
| Market Action Index |
45.8 - Seller's Advantage |
Data provided by ©2012 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 BURLINGTON, MA this week is $569,900. The 37 properties have been on the market for an average of 72 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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