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.
Here is a snapshot of real estate market for single family homes and condo/townhouses in WOBURN, MA for the week of November 2nd, 2015. (Source: AltosResearch).
Week of November 2nd, 2015 | Single Family Homes | Condo/Townhouse |
Median List Price | $419,900 | $429,000 |
Average List Price | $456,495 | $480,545 |
Average Days on Market | 52 | 78 |
No. of Homes On Market | 40 | 31 |
Median House Size | 1,802 sq ft. | 1,765 sq ft. |
Market Action Index | 57.2 - Strong Seller's |
49.7 - Strong Seller's |
Data provided by ©2005-2014 Altos Research LLC.
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