Special offer

BURLINGTON Real Estate Market Trends: Week Of December 22nd, 2014

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
Single Family Homes Week Of December 22nd, 2014

Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of  December 22nd, 2014. (Source: AltosResearch)

  For Week of December 22nd, 2014
Median Price $615,000
Average List Price $611,967
Average Days on Market 86
Number of Homes On Market 35
Median House Size 2,281 sq ft.
Market Action Index

40.6 - 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 $615,000. The 35 properties have been on the market for an average of 86 days.

Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

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.

SEARCH ALL AVAILABLE BURLINGTON HOMES FOR SALE, LIKE I DO!

Comments (10)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Can't believe the high median price in Burlington, MA! Wow!

Feb 24, 2015 02:05 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

One of the hottest market around.

Feb 24, 2015 02:05 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Less than 3 months on market and just 35 homes on market.

Feb 24, 2015 02:06 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The Median List Price of the Single Family Homes this week in Burlington is $615K.

Apr 12, 2017 10:05 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The average List Price of the single Family Homes this week in Andover is $612K.

Apr 12, 2017 10:05 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Market Action Index for the single Family Homes this week in Burlington is 40.6.

Apr 12, 2017 10:05 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The median home size of the single family home is 2,281 sq ft in Burlington this week.

Apr 12, 2017 10:06 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The average days on market for single family homes this week in Burlington is 86.

Apr 12, 2017 10:06 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

There are 35 single family homes on the market this week in Burlington.

Apr 12, 2017 10:06 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

This was still the beginning of Burlington market getting hot - MAI is just 40.6 - below 45.

Apr 12, 2017 10:07 PM