Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of September 1st, 2014. (Source: AltosResearch)
| For Week of September 1st, 2014 | |
| Median Price | $445,950 |
| Average List Price | $468,284 |
| Average Days on Market | 67 |
| Number of Homes On Market | 50 |
| Median House Size | 1,751 sq ft. |
| Market Action Index | 47.5 - 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 $445,950. The 50 properties have been on the market for an average of 67 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market
The market has started cooling and prices have recently plateaued. Since 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.
Comments(0)