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NORTH READING Real Estate Market Trends: Week of January 2nd 2017

By
Real Estate Agent with LAER Realty Partners
NORTH READING Real Estate Market Trends:
Week of January 2nd, 2017

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 NORTH READING, MA for the week of January 2nd, 2017. (Source: AltosResearch).
Week of January 2nd, 2017 Single Family Homes Condo/Townhouse
Median List Price $524,900 $202,500
Average List Price $667,622 $202,500
Average Days on Market 65 2
No. of Homes On Market 18 2
Median House Size 1,904 sq ft. 886 sq ft.
Market Action Index 47.2 - Strong Seller's 19.6 - Buyer's Advantage

Data provided by ©2005-2017 Altos Research LLC.

The median list price in NORTH READING, MA for single family homes this week is $524,900. The 18 properties have been on the market for an average of 65 days. The average price per square foot is $262 The most expensive single family listing is at $1,350,000 and the least at $350,000. The median list price in NORTH READING, MA for condo/townhouse this week is $202,500. The 2 properties have been on the market for an average of 2 days. The average price per square foot is $228. The most expensive condo listing is at $220,000 and the least at $185,000.
     

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