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 January 2nd, 2017. (Source: AltosResearch).
|Week of January 2nd, 2017||Single Family Homes||Condo/Townhouse|
|Median List Price||$619,900||$334,900|
|Average List Price||$594,971||$351,567|
|Average Days on Market||98||100|
|No. of Homes On Market||17||3|
|Median House Size||2,240 sq ft.||900 sq ft.|
|Market Action Index||
53.6 - Strong Seller's
|21.0 - Buyer's Advantage|
Data provided by ©2005-2017 Altos Research LLC.