NORTH READING Real Estate Market Trends: Week of April 20th, 2015

By
Real Estate Agent with LAER Realty Partners

NORTH READING Real Estate Market Trends:
Single Family Homes - Week of April 20th, 2015

Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of April 20th, 2015. (Source: AltosResearch).

  For Week of  April 20th, 2015
Median Price $589,900
Average List Price $573,281
Average Days on Market 44
No. of Homes On Market 21
Median House Size 2,150 sq ft.
Market Action Index

53.9 -  Seller's Advantage

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 NORTH READING, MA  this week is $589,900. The 21 properties have been on the market for an average of 44 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Median Price: Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Price per Square Foot: The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.

Market Action Index: The NORTH READING, 01864 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 53.91; indicating very little supply relative to the demand.

Days on Market: The properties have been on the market for an average of 44 days. Half of the listings have come newly on the market in the past 14 or so days.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Massachusetts Middlesex County North Reading
Groups:
Active Rain Newbies
Keller Williams 'Rainers
Market Reports
Addicted to Active Rain
2014 Market Reports
Tags:
2015
north reading real estate market trends single family homes week of april 20th

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,317,651
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

A nice report and I found the narrative very helpful in understanding the market trends.

May 01, 2015 04:54 PM #1
Ambassador
2,758,801
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Praful. Nice, simple to read market report. Gives all the stats in a quick glance.

May 01, 2015 06:38 PM #2
Rainmaker
2,303,025
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Praful. Nice job with your real estate report for North Reading. Lots of good information and important for anyone considering selling and of course contacting as soon as possible.

May 01, 2015 08:24 PM #3
Rainmaker
4,798,070
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Praful.  Great info about the North Reading real estate market.

May 01, 2015 09:10 PM #4
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your real estate market.

May 01, 2015 10:10 PM #5
Ambassador
2,328,653
Robert Vegas Bob Swetz
Las Vegas, NV

Hell Praful ... some great graphs and information around your communities 

May 02, 2015 09:52 AM #6
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks all for stopping by...appreciate it.

May 02, 2015 03:58 PM #7
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Yes, Joan Whitebook trying to make it as simple as it can be.

May 02, 2015 03:59 PM #8
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michael Thornton - thanks for stopping by. Making it as simple as it can be...

May 02, 2015 04:00 PM #9
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks Gita Bantwal- love this town! It's my town!

May 02, 2015 04:00 PM #10
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by Robert (Vegas Bob) Swetz . Appreciate your comments.

May 02, 2015 04:00 PM #11
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by Gabe Sanders - appreciate your comments.

May 02, 2015 04:01 PM #12
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for your kind words Joe Petrowsky ....

May 02, 2015 04:01 PM #13
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Really appreciate stopping by and your comments as I prepare some more for next week...

May 02, 2015 04:02 PM #14
Ambassador
2,328,653
Robert Vegas Bob Swetz
Las Vegas, NV

Hello my friend and your very welcome 

May 03, 2015 03:16 AM #15
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,302,956

Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
What did my neighbor's home sell for?
*
*
*
*
Spam prevention

Additional Information