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 February 1st, 2016. (Source: AltosResearch).
Week of February 1st, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $679,450 | $399,000 |
Average List Price | $651,692 | $411,671 |
Average Days on Market | 107 | 175 |
No. of Homes On Market | 26 | 7 |
Median House Size | 2,500 sq ft. | 1,500 sq ft. |
Market Action Index | 45.2- Strong Seller's |
26.5 - Buyer's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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