Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of April 13th, 2015. (Source: AltosResearch).
| For Week of April 13th, 2015 | |
| Median Price | $379,900 |
| Average List Price | $391,488 |
| Average Days on Market | 64 |
| No. of Homes On Market | 27 |
| Median House Size | 1,750 sq ft. |
| Market Action Index |
49.3 - Seller's Advantage |
Data provided by ©2005-2014 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 TEWKSBURY, MA this week is $379,900. The 27 properties have been on the market for an average of 64 days.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
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.
Median Price: Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn't break us out of that cycle.
Price per Square Foot: We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
Market Action Index: The TEWKSBURY, 01876 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 49.28; indicating very little supply relative to the demand.
Days on Market: The properties have been on the market for an average of 64 days. Half of the listings have come newly on the market in the past 14 or so days.
Comments(7)