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 November 28th, 2016. (Source: AltosResearch).
|Week of November 28th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$479,900||$414,900|
|Average List Price||$521,914||$425,793|
|Average Days on Market||68||53|
|No. of Homes On Market||21||14|
|Median House Size||1,882 sq ft.||1,606 sq ft.|
|Market Action Index||
63.1 - Strong Seller's
|53.5 - Strong Seller's|
Data provided by ©2005-2016 Altos Research LLC.