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 June 27th, 2016. (Source: AltosResearch).
Week of June 27th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $469,900 | $339,900 |
Average List Price | $522,332 | $384,407 |
Average Days on Market | 53 | 44 |
No. of Homes On Market | 31 | 15 |
Median House Size | 1,858 sq ft. | 1,500 sq ft. |
Market Action Index | 69.2 - Strong Seller's |
67.2 - Strong Seller's |
Data provided by ©2005-2016 Altos Research LLC.
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