Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of December 1st, 2014. (Source: AltosResearch)
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| For Week of December 1st, 2014 | |
| Median Price | $499,900 |
| Average List Price | $574,800 |
| Average Days on Market | 63 |
| Number of Homes On Market | 27 |
| Median House Size | 2,192 sq ft. |
| Market Action Index | 43.4 - 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 $499,900. The 27 properties have been on the market for an average of 63 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.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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