Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of December 15th, 2014. (Source: AltosResearch)
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| For Week of December 15th, 2014 | |
| Median Price | $464,450 |
| Average List Price | $538,123 |
| Average Days on Market | 59 |
| Number of Homes On Market | 26 |
| Median House Size | 1,842 sq ft. |
| Market Action Index | 46.3 - Seller's Advantage |
Data provided by ©2014 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 NORTH READING, MA this week is $464,450. The 26 properties have been on the market for an average of 59 days.
Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
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.
SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!
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