Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of February 6th, 2012. (Source: AltosResearch)

Data provided by ©2011 Altos Research LLC.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!

Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of January 30th, 2012. (Source: AltosResearch)

Data provided by ©2011 Altos Research LLC.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!

Here is what is happening in Real Estate Market of NORTH READING, MA for the month of DECEMBER 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)

This table compares the real estate market in NORTH READING, MA for the month of DECEMBER last year and this year.

	DECEMBER 2010	DECEMBER 2011	Trends
Number of Homes Sold	11	9
Median Sale Price	$425,000	$300,00
Averge Sale Price	$528,482	$397,828
Days on Market	132	107
Sale Price to List Price Ratio	97	99
Total Volume	$5,813,300	$3,580,450

The massive gains in November is now undone! What this town gained in last month seems to be offset by these numbers. Or was that an exceptional November?

Not a good month based on this numbers. (Or should I re-check?)

What's the prediction? I believe, the rest of the year and 2012 should be better after light December. No snow is another good sign for 2012 first quarter. Let's see what happens next. Lost ground for this month should be regained and hope to continue at the same pace in next month, too. Not so strong finish of the year!

Overall, compared to last DECEMBER, it's a below average market.

Let's take a look at this chart that describes the trends for NORTH READING, MA market over last year(courtesy: AltosResearch).

After a major drop in inventory before spring, there are many homes for sale in NORTH READING, MA. The median price has been fluctuating till spring was still going up, and it's started showing the signs of season. Though there is still a demand for homes in this town. High inventory offsets the higher median price and it started showing decline in late summer. Let's hope there are more sales here - like what we have in DECEMBER - and little more stability, instead of decline. Though I do predict there will be an adjustment in median price as inventory has started going down.

Feel free to reach me should you have any question about this.

See you next month - with another report to on how NORTH READING, MA Real Estate market is doing

PREVIOUS MONTH"S NORTH READING MARKET REPORT

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!

Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of January 23rd, 2012. (Source: AltosResearch)

Data provided by ©2011 Altos Research LLC.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!

Here is a snapshot of real estate market for single family homes in NORTH READING, MA for the week of January 2nd, 2012. (Source: AltosResearch)

Data provided by ©2011 Altos Research LLC.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!