Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of May 25th, 2015. (Source: AltosResearch).
| For Week of May 25th, 2015 | |
| Median Price | $469.900 |
| Average List Price | $507-123 |
| Average Days on Market | 34 |
| No. of Homes On Market | 39 |
| Median House Size | 1,899 sq ft. |
| Market Action Index |
72.0 - 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 WOBURN, MA this week is $469,900. The 39 properties have been on the market for an average of 34 days.
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
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: Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Price per Square Foot: The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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 72.00; indicating very little supply relative to the demand.
Days on Market: The properties have been on the market for an average of 34 days. Half of the listings have come newly on the market in the past 7 or so days.
Comments(10)