Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of April 9th, 2012. (Source: AltosResearch)
| |
For Week of April 9th, 2012 |
| Median Price | $634,900 |
| Average List Price | $772,510 |
| Average Days on Market | 128 |
| Number of Homes On Market | 112 |
| Median House Size | 3052 sq ft. |
| Market Action Index | 17.1 - 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.
With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
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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