Here is a snapshot of real estate market for single family homes in Woburn, 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 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.

SEARCH ALL AVAILABLE WOBURN HOMES FOR SALE, LIKE I DO!

Here is a snapshot of real estate market for single family homes in Woburn, 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 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.

SEARCH ALL AVAILABLE WOBURN HOMES FOR SALE, LIKE I DO!

Here is what is happening in Real Estate Market of WOBURN, 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 WOBURN, MA for the month of NOVEMBER last year and this year.

	DECEMBER 2010	DECEMBER 2011	Trends
Number of Homes Sold	13	14
Median Sale Price	$330,000	$316,825
Averge Sale Price	$353,036	$356,518
Days on Market	90	110
Sale Price to List Price Ratio	96	98
Total Volume	$4,569,470	$4,991,250

The number of sales are almost same - overall it's a lot better picture than last month which was all red. And this month, all blue arrows. Yes, it means the days on market is up, too - but as long as median and average prices are up, I am sure sellers can wait for extra 20 days to get that extra dough.

The days on market for a home has gone up is the only concern here. But that should be fine and will be corrected soon.

Overall, compared to last DECEMBER, it's a surely a good market - and this may continue because of the light winter so far.

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

After a major drop in inventory before spring along with median price, not surprisingly enough, the median price went up, perhaps resulting into increase in inventory. Around summer time though, the increase in inverntory has to reflect on median price - and that's what you see here - a drop in median price, eventually: Increased inventory and lower median price. Though inventory is increased in last few months, median price drop is not a good sign. I expect the trend to be reveresed next spring - and till then, you may see drop in median price and inventory following the median price. A typical seasonal trend here.

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

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

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Here is a snapshot of real estate market for single family homes in Woburn, 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 WOBURN HOMES FOR SALE, LIKE I DO!