The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. The 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 July 11th, 2016. (Source: AltosResearch).
|Week of July 11th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$454,900||$369,000|
|Average List Price||$502,703||$376,267|
|Average Days on Market||62||203|
|No. of Homes On Market||27||3|
|Median House Size||2,065 sq ft.||1,316 sq ft.|
|Market Action Index||
64.4 - Strong Seller's
|48.5 - Strong Seller's|
Data provided by ©2005-2014 Altos Research LLC.