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 November 21st, 2016. (Source: AltosResearch).
|Week of November 21st, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$474,900||$329,900|
|Average List Price||$515,720||$329,900|
|Average Days on Market||54||105|
|No. of Homes On Market||30||1|
|Median House Size||2,073 sq ft.||887 sq ft.|
|Market Action Index||
53.6 - Strong Seller's
|26.9 - Buyer's Advantage|
Data provided by ©2005-2014 Altos Research LLC.