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 WILMINGTON, MA for the week of November 28th, 2016. (Source: AltosResearch).
|Week of November 28th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$499,900||$332,400|
|Average List Price||$555,396||$332,400|
|Average Days on Market||64||112|
|No. of Homes On Market||27||2|
|Median House Size||2,140 sq ft.||894 sq ft.|
|Market Action Index||
55.3 - Strong Seller's
|24.9 - Buyer's Advantage|
Data provided by ©2005-2014 Altos Research LLC.