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 WOBURN, MA for the week of July 11th, 2016. (Source: AltosResearch).
|Week of July 11th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$489,950||$394,000|
|Average List Price||$536,906||$397,429|
|Average Days on Market||53||39|
|No. of Homes On Market||32||14|
|Median House Size||2,104 sq ft.||1,464 sq ft.|
|Market Action Index||
66.3 - Strong Seller's
|67.3- Strong Seller's|
Data provided by ©2005-2016 Altos Research LLC.