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 January 11th, 2016. (Source: AltosResearch).
Week of January 11th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $459,900 | $519,900 |
Average List Price | $500,253 | $542,060 |
Average Days on Market | 74 | 149 |
No. of Homes On Market | 19 | 15 |
Median House Size | 1,900 sq ft. | 1,600 sq ft. |
Market Action Index | 52.7- Strong Seller's |
41.5 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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