Here is a snapshot of real estate market for Condos/Townhomes in WOBURN, MA for the week of July 28th, 2014. (Source: AltosResearch)
| For Week of July 28th, 2014 | |
| Median Price | $394,000 |
| Average List Price | $411,680 |
| Average Days on Market | 44 |
| Number of Homes On Market | 30 |
| Median House Size | 1,695 sq ft. |
| Market Action Index | 48.6 - 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 WOBURN, MA this week is $394,000. The 30 properties have been on the market for an average of 44 days.
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
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