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 August 8th, 2016. (Source: AltosResearch).
Week of August 8th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $549,000 | $389,500 |
Average List Price | $546,258 | $396,640 |
Average Days on Market | 96 | 0 |
No. of Homes On Market | 31 | 5 |
Median House Size | 2,388 sq ft. | 1,340 sq ft. |
Market Action Index | 58.4 - Strong Seller's |
41.2 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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