Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of April 7th, 2014. (Source: AltosResearch)
|For Week of April 7th, 2014|
|Average List Price||$557,669|
|Average Days on Market||43|
|Number of Homes On Market||32|
|Median House Size||2,224 sq ft.|
|Market Action Index||
42.5 - Seller's Advantage
Data provided by ©2012 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 BURLINGTON, MA this week is $527,400. The 32 properties have been on the market for an average of 43 days.
Inventory is up and Market Action is trending down recently. While days-on- market appears to be trending lower, the overall conditions are weakening a bit.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.