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.
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