Here is a snapshot of real estate market for Condos/Townhomes in WOBURN, MA for the week of September 15th, 2014. (Source: AltosResearch)
| For Week of September 15th, 2014 | |
| Median Price | $389,950 |
| Average List Price | $417,506 |
| Average Days on Market | 62 |
| Number of Homes On Market | 34 |
| Median House Size | 1,580 sq ft. |
| Market Action Index | 41.4 - Seller's Advantage |
Data provided by ©2011 Altos Research LLC.
The Market Action Index a3nswers 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 $389,950. The 34 properties have been on the market for an average of 62 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure.
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