BURLINGTON Real Estate Market Trends: Week of March, 23rd, 2015

Here is a snapshot of real estate market for single family homes in Burlington, MA for the week of March, 23rd, 2015. (Source: AltosResearch).

Data provided by ©2005-2014 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 BURLINGTON, MA  this week is $675,000. The 25 properties have been on the market for an average of 143 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.

Median Price: The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn't break us out of that cycle.

Price per Square Foot: Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

Market Action Index: The BURLINGTON 01803 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 37.78 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Days on Market: The properties have been on the market for an average of 143 days. Half of the listings have come newly on the market in the past 126 or so days.

SEARCH ALL AVAILABLE Burlington HOMES FOR SALE, LIKE I DO!