Burlington Real Estate - Week Of October 23, 2011
Here is a snapshot of real estate market for single family homes in Burlington, MA (Source: AltosResearch)
| For Week of 23rd October, 2011 | |
| Number of Homes On Market | 70 |
| Median Price | $414,900 |
| Average List Price | $444,624 |
| Average Days on Market | 112 |
| Market Action Index | 14.2 - Strong Buyer's |
| Median House Size | 2,076 sq ft. |
Data provided by ©2011 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 market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Comments (6)Subscribe to CommentsComment