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NORTH READING Real Estate - Week Of December 24th, 2012

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Real Estate Agent with LAER Realty Partners
NORTH READING Real Estate - Week Of December 24th, 2012


Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of December 24th, 2012. (Source: AltosResearch)

  For Week of December 24th, 2012
Median Price $ 504,900
Average List Price $ 568,995
Average Days on Market 119
Number of Homes On Market 40
Median House Size 2,370 sq ft.
Market Action Index 19.5 - 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.

Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

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 NORTH READING HOMES FOR SALE, LIKE I DO! 

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