Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of November 17th, 2014. (Source: AltosResearch)
| For Week of November 17th, 2014 | |
| Median Price | $560,000 |
| Average List Price | $561,827 |
| Average Days on Market | 76 |
| Number of Homes On Market | 37 |
| Median House Size | 2,281 sq ft. |
| Market Action Index |
42.8 - 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 $560,000. The 37 properties have been on the market for an average of 76 days.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure.
Comments(19)