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

Here is a snapshot of real estate market for single family homes in WILMINGTON, 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 WILMINGTON, MA  this week is $449,900. The 30 properties have been on the market for an average of 60 days.

Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Median Price: Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Price per Square Foot: The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

Market Action Index: The WILMINGTON, 01887 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 70.16; indicating very little supply relative to the demand.

Days on Market: The properties have been on the market for an average of 60 days. Half of the listings have come newly on the market in the past 14 or so days.

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