Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of January 5th, 2015. (Source: AltosResearch)
| For Week of January 5th, 2015 | |
| Median Price | $425,000 |
| Average List Price | $439,479 |
| Average Days on Market | 74 |
| Number of Homes On Market | 29 |
| Median House Size | 1,637 sq ft. |
| Market Action Index | 48.3 - 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 WOBURN, MA this week is $425,000. The 29 properties have been on the market for an average of 74 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.
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.
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