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 WILMINGTON, MA for the week of December 28th, 2015. (Source: AltosResearch).
Week of December 28th, 2015 | Single Family Homes | Condo/Townhouse |
Median List Price | $644,900 | $392,000 |
Average List Price | $583,986 | $377,800 |
Average Days on Market | 109 | 168 |
No. of Homes On Market | 28 | 6 |
Median House Size | 2,324 sq ft. | 1,470 sq ft. |
Market Action Index | 47.2 - Strong Seller's |
30.6 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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