Here is a snapshot of real estate market for single family homes in WILMINGTON, MA for the week of January 12th, 2015. (Source: AltosResearch).
| For Week of January 12th, 2015 | |
| Median Price | $506,250 |
| Average List Price | $486,738 |
| Average Days on Market | 106 |
| Number of Homes On Market | 26 |
| Median House Size | 2,392 sq ft. |
| Market Action Index | 40.0 - Seller's Advantage |
Data provided by ©2005-14 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 WILMINGTON, MA this week is $506,250. The 26 properties have been on the market for an average of 106 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.
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 WILMINGTON HOMES FOR SALE, LIKE I DO!
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