TEWKSBURY Real Estate:
Single Family Homes Week Of February 17th, 2014
Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of February 17th, 2014. (Source: AltosResearch)
|For Week of February 17th, 2014|
|Average List Price||$368,111|
|Average Days on Market||91|
|Number of Homes On Market||35|
|Median House Size||1,830 sq ft.|
|Market Action Index||35.9 - 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 $349,900. The 35 properties have been on the market for an average of 91 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.
Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.