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 18th, 2016. (Source: AltosResearch).
Week of July 18th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $499,950 | $489,900 |
Average List Price | $534,909 | $436,918 |
Average Days on Market | 58 | 45 |
No. of Homes On Market | 32 | 11 |
Median House Size | 2,053 sq ft. | 1,500 sq ft. |
Market Action Index | 65.7 - Strong Seller's |
70.9- Strong Seller's |
Data provided by ©2005-2016 Altos Research LLC.
Comments(26)