BURLINGTON Real Estate Market Trends: Week of July 27th, 2015

Here is a snapshot of real estate market for single family homes in Burlington, MA for the week of July 27th, 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 $519,900. The 47 properties have been on the market for an average of 47 days.

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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result, though the market is still in the Seller's zone. Expect this trend to continue especially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Median Price: The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Price per Square Foot: Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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 52.19; 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 28 or so days.

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