Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of April 22nd, 2013. (Source: AltosResearch)
| For Week of April 22nd, 2013 | |
| Median Price | $310,000 |
| Average List Price | $315,996 |
| Average Days on Market | 99 |
| Number of Homes On Market | 97 |
| Median House Size | 1,669 sq ft. |
| Market Action Index | 27.9 - Buyer's Slight Advantage |
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 median list price in TEWKSBURY, MA this week is $310,000. The 97properties have been on the market for an average of 99 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
The market has shown someevidence of slowing recently. Bothprices 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(1)