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.
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