WILMINGTON REAL ESTATE - Week of May 14th, 2012

By
Real Estate Agent with Keller Williams Realty
WILMINGTON Real Estate - Week Of May 14th, 2012


Here is a snapshot of real estate market for single family homes in WILMINGTON, MA for the week of May 14th, 2012. (Source: AltosResearch)

  For Week of May 14th, 2012
Median Price $399,000
Average List Price $423,925
Average Days on Market 114
Number of Homes On Market 79
Median House Size 2080 sq ft.
Market Action Index 18.1 - 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.

Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties home available, these are positive trends 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 WILMINGTON HOMES FOR SALE, LIKE I DO!

 

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