Here is a snapshot of real estate market for single family homes in BURLINGTON, MA for the week of April 28th, 2014. (Source: AltosResearch)
|For Week of April 28th, 2014|
|Average List Price||$524,609|
|Average Days on Market||44|
|Number of Homes On Market||37|
|Median House Size||1,978 sq ft.|
|Market Action Index||
42.2 - 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 $499,900. The 37 properties have been on the market for an average of 44 days.
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.