Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of December 15th, 2014. (Source: AltosResearch)
| For Week of December 15th, 2014 | |
| Median Price | $374,000 |
| Average List Price | $381,794 |
| Average Days on Market | 93 |
| Number of Homes On Market | 41 |
| Median House Size | 1,850 sq ft. |
| Market Action Index | 43.3 - 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 $374,000. The 41 properties have been on the market for an average of 93 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.
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
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