Here is a snapshot of real estate market for single family homes in Burlington, MA for the week of May 4th, 2015. (Source: AltosResearch).
| For Week of May 4th, 2015 | |
| Median Price | $724,450 |
| Average List Price | $677,983 |
| Average Days on Market | 78 |
| No. of Homes On Market | 24 |
| Median House Size | 2,857 sq ft. |
| Market Action Index |
47.6 - Strong Seller's |
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 $724,450. The 24 properties have been on the market for an average of 78 days.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Median Price: Prices are climbing and we're nearing the market's all time high. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.
Price per Square Foot: In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Market Action Index: The BURLINGTON market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 47.58; indicating very little supply relative to the demand.
Days on Market: The properties have been on the market for an average of 78 days. Half of the listings have come newly on the market in the past 32 or so days.
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