BURLINGTON Real Estate Market Trends: Week of July 6th, 2015

Here is a snapshot of real estate market for single family homes in Burlington, MA for the week of July 6th, 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 Burlington, MA  this week is $579,900. The 43 properties have been on the market for an average of 56 days.

The Market Action Index has been trending down lately, while inventory $and days-on-market are climbing. The trends imply a weakening market.

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Median Price: The market continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index as a leading indicator for how long this trend will last.

Price per Square Foot: In a market where prices are rising some, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

Market Action Index: The BURLINGTON market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 53.93; indicating very little supply relative to the demand.

Days on Market: The properties have been on the market for an average of 56 days. Half of the listings have come newly on the market in the past 28 or so days.

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