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 December 26th, 2016. (Source: AltosResearch).
|Week of December 26th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$479,900||$454,900|
|Average List Price||$543,153||$481,450|
|Average Days on Market||84||78|
|No. of Homes On Market||19||8|
|Median House Size||2,104 sq ft.||1,813 sq ft.|
|Market Action Index||
59.6 - Strong Seller's
|52.4 - Strong Seller's|
Data provided by ©2005-2016 Altos Research LLC.