Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of October 27th, 2014. (Source: AltosResearch)
| For Week of October 27th, 2014 | |
| Median Price | $382,400 |
| Average List Price | $390,661 |
| Average Days on Market | 65 |
| Number of Homes On Market | 64 |
| Median House Size | 1,934 sq ft. |
| Market Action Index | 39.6 - 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 TEWKSBURY, MA this week is $382,400. The 64 properties have been on the market for an average of 65 days.
With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.
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.
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