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TEWKSBURY Real Estate: Single Family Homes Week Of October 13th, 2014

By
Real Estate Agent with LAER Realty Partners
TEWKSBURY Real Estate:
Single Family Homes Week Of October 13th, 2014

Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of October 13th, 2014. (Source: AltosResearch)

  For Week of October 13th, 2014
Median Price $379,900
Average List Price $386,884
Average Days on Market 61
Number of Homes On Market 71
Median House Size 1,872 sq ft.
Market Action Index 38.7 - 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 $379,900. The 71 properties have been on the market for an average of 61 days.

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

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 (4)

Roy Kelley
Retired - Gaithersburg, MD

Home buyers and home sellers will be in good hands when they use your professional real estate services.

Oct 19, 2014 11:17 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

October was 'cool' market for Tewksbury.

Mar 19, 2015 04:09 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by Roy.

Mar 19, 2015 04:09 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Nice market to be in - still not so hot then.

Mar 19, 2015 04:10 PM