The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. The index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Here is a snapshot of real estate market for single family homes and condo/townhouses in WOBURN, MA for the week of July 4th, 2016. (Source: AltosResearch).
Week of July 4th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $479,900 | $419,000 |
Average List Price | $531,179 | $420,600 |
Average Days on Market | 50 | 42 |
No. of Homes On Market | 33 | 15 |
Median House Size | 2,034 sq ft. | 1,600 sq ft. |
Market Action Index | 68.0 - Strong Seller's |
65.9 - Strong Seller's |
Data provided by ©2005-2016 Altos Research LLC.
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