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 January 2nd, 2017. (Source: AltosResearch).
|Week of January 2nd, 2017||Single Family Homes||Condo/Townhouse|
|Median List Price||$549,900||$459,900|
|Average List Price||$557,059||$486,086|
|Average Days on Market||92||96|
|No. of Homes On Market||17||7|
|Median House Size||2,188 sq ft.||1,826 sq ft.|
|Market Action Index||
57.6 - Strong Seller's
|50.8 - Strong Seller's|
Data provided by ©2005-2017 Altos Research LLC.