WOBURN Real Estate Market Trends: Week of July 13th, 2015

Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of July 13th, 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 WOBURN, MA  this week is $459,900. The 38 properties have been on the market for an average of 48 days.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is  increasing, these are mildly positive indications for the market.

The market has started cooling and prices have recently plateaued. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.

Median Price: The market is hovering around this plateau. Look for a persistent change 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 WOBURN market is curently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 71.43; indicating very little supply relative to the demand.

Days on Market: The properties have been on the market for an average of 48 days. Half of the listings have come newly on the market in the past 28 or so days.

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