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 December 28th, 2015. (Source: AltosResearch).
Week of December 28th, 2015 | Single Family Homes | Condo/Townhouse |
Median List Price | $477,450 | $489,900 |
Average List Price | $513,771 | $493,700 |
Average Days on Market | 68 | 126 |
No. of Homes On Market | 24 | 18 |
Median House Size | 1,985 sq ft. | 1,570 sq ft. |
Market Action Index | 54.8- Strong Seller's |
46.9 - Strong Seller's |
Data provided by ©2005-2014 Altos Research LLC.
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