TEWKSBURY Real Estate:
Single Family Homes Week Of January 6th, 2014
Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of January 6th, 2014. (Source: AltosResearch)
|For Week of January 6th, 2014|
|Average List Price||$364,839|
|Average Days on Market||73|
|Number of Homes On Market||44|
|Median House Size||1,859 sq ft.|
|Market Action Index||36.4 - 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 $364,700. The 44 properties have been on the market for an average of 73 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.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.