TEWKSBURY Real Estate: Single Family Homes Week Of January 20th, 2014

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Real Estate Agent with LAER Realty Partners

TEWKSBURY Real Estate:
Single Family Homes Week Of January 20th, 2014

Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of January 20th, 2014. (Source: AltosResearch)

  For Week of January 20th, 2014
Median Price $367,400
Average List Price $377,815
Average Days on Market 79
Number of Homes On Market 40
Median House Size 1,872 sq ft.
Market Action Index 37.1 - 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 $367,400. The 40 properties have been on the market for an average of 79 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.

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. 

SEARCH ALL AVAILABLE TEWKSBURY HOMES FOR SALE, LIKE I DO!

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Rainmaker
629,751
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

A very good market report for the single-family homes market in Tewksbury.

 

Jan 15, 2018 11:10 PM #1
Rainmaker
629,751
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Median price and the average price for your market are so much more than what we have here in Columbus, OH.

 

Jan 15, 2018 11:11 PM #2
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks a lot for stopping by and your comments - really appreciate it.

Jan 15, 2018 11:19 PM #3
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

You are right, median price in this town is definitely high.

Jan 15, 2018 11:19 PM #4
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
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