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.