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 March 28th, 2016. (Source: AltosResearch).
Week of March 28th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $469,999 | $434,950 |
Average List Price | $479,658 | $463,619 |
Average Days on Market | 37 | 139 |
No. of Homes On Market | 19 | 16 |
Median House Size | 1,744 sq ft. | 1,578 sq ft. |
Market Action Index | 60.5- Strong Seller's |
43.3 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
Comments (13)Subscribe to CommentsComment