TEWKSBURY Real Estate:
Single Family Homes Week Of December 16th, 2013
Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of December 16th, 2013. (Source: AltosResearch)
|For Week of December 16th, 2013|
|Average List Price||$367,338|
|Average Days on Market||62|
|Number of Homes On Market||47|
|Median House Size||1,872 sq ft.|
|Market Action Index||38.9 - Seller's 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 $369,000. The 47 properties have been on the market for an average of 62 days.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.