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NORTH ANDOVER REAL ESTATE - Week of October 23, 2011

By
Real Estate Agent with LAER Realty Partners
North Andover Real Estate - Week Of October 23, 2011


Here is a snapshot of real estate market for single family homes in North Andover, MA (Source: AltosResearch)

  For Week of 23rd October, 2011
Number of Homes On Market 132
Median Price $517,450
Average List Price $560,215
Average Days on Market 139
Market Action Index 14.2 - Strong Buyer's
Median House Size 2,705 sq ft.


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.

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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