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Here is a snapshot of real estate market for single family homes in Woburn, MA for the week of March 5th, 2012. (Source: AltosResearch)
| For Week of March 5th, 2012 | |
| Median Price | $359,900 |
| Average List Price | $392,844 |
| Average Days on Market | 152 |
| Number of Homes On Market | 77 |
| Median House Size | 1647 sq ft. |
| Market Action Index | 15.7 - Strong Buyer's |
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. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
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.
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Woburn Real Estate 03-12-2012
MARKET REPORT
Average list Price $412,397
Average days on market 130
Single family homes listed 94
Single families under agreement 15
Single families sold 10
New listings (last 30 days) 27
Current market conditions show 27 new properties listed though only 15 properties are currentlyy under agreement. This trend indicates a buyers market; however, new listings (or the supply) often increases sharply in the early spring and is followed by stronger demand in the summer. I guess we will have to see if low rates and a slightly better employment will bring more spring buyers.
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Here is a snapshot of real estate market for single family homes in Woburn, MA for the week of February 20th, 2012. (Source: AltosResearch)
| For Week of February 20th, 2012 | |
| Median Price | $364,450 |
| Average List Price | $394.030 |
| Average Days on Market | 141 |
| Number of Homes On Market | 80 |
| Median House Size | 1,700 sq ft. |
| Market Action Index | 16.1 - Strong Buyer's |
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. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
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.
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Here is a snapshot of real estate market for single family homes in Woburn, MA for the week of February 6th, 2012. (Source: AltosResearch)
| For Week of February 6th, 2012 | |
| Median Price | $369,000 |
| Average List Price | $391,750 |
| Average Days on Market | 138 |
| Number of Homes On Market | 83 |
| Median House Size | 1,702 sq ft. |
| Market Action Index | 17.6 - Strong Buyer's |
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 decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications 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.
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