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 February 27th, 2017. (Source: AltosResearch).
Week of February 27th, 2017 | Single Family Homes | Condo/Townhouse |
Median List Price | $499,850 | $559,900 |
Average List Price | $535,535 | $448,943 |
Average Days on Market | 74 | 141 |
No. of Homes On Market | 13 | 7 |
Median House Size | 1,699 sq ft. | 1,800 sq ft. |
Market Action Index | 53.7 - Strong Seller's |
49.0 - Strong Seller's |
Data provided by ©2005-2017 Altos Research LLC.
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