Here is a snapshot of real estate market for single family homes in WILMINGTON, MA for the week of March 12th, 2012. (Source: AltosResearch)
| For Week of March 12th 2012 | |
| Median Price | $399,400 |
| Average List Price | $415,491 |
| Average Days on Market | 137 |
| Number of Homes On Market | 66 |
| Median House Size | 2072 sq ft. |
| Market Action Index | 16.4 - Strong Buyer's |
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.
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
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.
SEARCH ALL AVAILABLE WILMINGTON HOMES FOR SALE, LIKE I DO!
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