TEWKSBURY Real Estate Market Trends: Week of May 25th, 2015

Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of May 25th, 2015. (Source: AltosResearch).

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 $434,950. The 40 properties have been on the market for an average of 47 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: We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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 TEWKSBURY, 01876 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 59.40; indicating very little supply relative to the demand.

Days on Market: The properties have been on the market for an average of 47 days. Half of the listings have come newly on the market in the past 18 or so days.

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