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ANDOVER REAL ESTATE - Week of March 5th, 2012

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Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate - Week Of March 5th, 2012


Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of March 5th, 2012. (Source: AltosResearch)


For Week of March 5th, 2012
Median Price $654,900
Average List Price $750,374
Average Days on Market 169
Number of Homes On Market 96
Median House Size 2950 sq ft.
Market Action Index 16.6 - 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.

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening 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 ANDOVER HOMES FOR SALE, LIKE I DO!

Comments (7)

Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Very detailed market report for this town. Love the stats you share.

Jul 24, 2018 09:06 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Looks like Andover market is getting hotter day by day. All the best.

Jul 24, 2018 09:06 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

A very good market report for the single-family homes market in Andover.

Jul 24, 2018 09:06 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

I like the idea of Market Action Index - gives clear picture of the market here.

Jul 24, 2018 09:06 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

I also liked your analysis and the tabular presentation of this information.

Jul 24, 2018 09:06 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

This is a great statistics for the market - love this.

Jul 24, 2018 09:06 PM
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Indeed this report is an excellent way to share with the consumers.

Jul 24, 2018 09:07 PM