Here is a snapshot of real estate market for single family homes in WOBURN, MA for the week of July 6th, 2015. (Source: AltosResearch).
| For Week of July 6th, 2015 | |
| Median Price | $459,000 |
| Average List Price | $490,114 |
| Average Days on Market | 39 |
| No. of Homes On Market | 42 |
| Median House Size | 1,760 sq ft. |
| Market Action Index |
78.3 - 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 $459,000. The 42 properties have been on the market for an average of 39 days.
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the 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: The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Price per Square Foot: While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
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 76.63; indicating very little supply relative to the demand.
Days on Market: The properties have been on the market for an average of 39 days. Half of the listings have come newly on the market in the past 21 or so days.
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