WOBURN Real Estate Market Trends: Week of May 4th, 2015

Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of May 4th, 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 WOBURN, MA  this week is $439,900. The 24 properties have been on the market for an average of 32 days.

With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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: Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.

Price per Square Foot: We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.

Market Action Index: The WOBURN market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 71.06; indicating very little supply relative to the demand.

Days on Market: The properties have been on the market for an average of 32 days. Half of the listings have come newly on the market in the past 4 or so days.

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