Special offer

BURLINGTON Real Estate Market Trends: Week Of March 9th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
Single Family Homes Week Of March 9th, 2015

Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of  March 9th, 2015, 2015. (Source: AltosResearch)

  For Week of March 9th, 2015
Median Price $687,450
Average List Price $660,973
Average Days on Market 132
Number of Homes On Market 26
Median House Size 2,448 sq ft.
Market Action Index

36.7 - 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 $687,450. The 26 properties have been on the market for an average of 132 days.

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.

Median Price: The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Price per Square Foot: The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Market Action Index: The BURLINGTON market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 36.67 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Days on Market: The properties have been on the market for an average of 132 days. Half of the listings have come newly on the market in the past 119 or so days.

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

Comments (3)

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

Great market to be in Burlington now-a-days!

Mar 12, 2015 02:06 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

About 132 days on market and only 26 homes for sale. Perfect 'Seller's Market!' it is.

Mar 12, 2015 02:06 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The one thing that even I wonder is - median price! Almost close to $700,000!

Mar 12, 2015 02:07 PM