Curtis Knight, REALTOR provides Real Estate Market trends, tips, tricks.
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Market trends, sales and home prices in the Woburn MA area as of 05-21-18 .
Homes are now averaging 32 days on the market.
Woburn, MA: In the past 90 days 56% of the 32 houses sold in Woburn went for at or above the asking price.
Average sold price was $474,000.
As of 05-21-18 there are 32 homes currently for sale in Woburn, MA
32 homes over 90 days days divided by 3 months = 10.7 houses per month.
32 houses currently available for sale divided by 10.7 houses per
month = 3.0 months of “inventory” ( houses available for sale.)
So we currently have 3.0 months worth of inventory in Woburn, MA. A Seller’s market.
0 – 5 months of inventory available is a Seller’s market.
5 – 7 months of inventory available is a Neutral market.
7 or more months of inventory available is a Buyer’s market.
Call / text Real Estate questions: 978-590-5910! Contact me if you want to watch instructional videos about buying or selling homes, or if you need guidance or education in buying or selling Real Estate. I am happy to help!
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