Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of October 27th, 2014. (Source: AltosResearch)
| For Week of October 27th, 2014 | |
| Median Price | $549,900 |
| Average List Price | $583,800 |
| Average Days on Market | 69 |
| Number of Homes On Market | 45 |
| Median House Size | 2,200 sq ft. |
| Market Action Index | 36.3 - Seller's Advantage |
Data provided by ©2014 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 NORTH READING, MA this week is $549,900. The 45 properties have been on the market for an average of 69 days.
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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