Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of October 20th, 2014. (Source: AltosResearch)
For Week of October 20th, 2014 | |
Median Price | $589,900 |
Average List Price | $599,315 |
Average Days on Market | 71 |
Number of Homes On Market | 39 |
Median House Size | 2,297 sq ft. |
Market Action Index |
4 - 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 $589,900. The 39 properties have been on the market for an average of 71 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.
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