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 March 28th, 2016. (Source: AltosResearch).
|Week of March 28th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$619,900||$404,750|
|Average List Price||$549,942||$409,400|
|Average Days on Market||103||194|
|No. of Homes On Market||33||6|
|Median House Size||2,300 sq ft.||1,512 sq ft.|
|Market Action Index||
46.2- Strong Seller's
|31.1 - Seller's Advantage|
Data provided by ©2005-2014 Altos Research LLC.