Here is a snapshot of real estate market for single family homes in WILMINGTON, MA for the week of August 17th, 2015. (Source: AltosResearch).
| For Week of August 17th, 2015 | |
| Median Price | $469,900 |
| Average List Price | $536,090 |
| Average Days on Market | 49 |
| No. of Homes On Market | 43 |
| Median House Size | 2,200 sq ft. |
| Market Action Index |
65.1 - Strong Seller's |
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 01887 this week is $469,900. The 43 properties have been on the market for an average of 49 days.
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
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: Prices in this zip are remaining at a plateau, albeit significantly below the market's peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. 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 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 WILMINGTON, 01887 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 65.07; indicating very little supply relative to the demand.
Days on Market: The properties have been on the market for an average of 49 days. Half of the listings have come newly on the market in the past 28 or so days.
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