Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of August 26th, 2013. (Source: AltosResearch).
| For Week of August 26th, 2013 | |
| Median Price | $664,950 |
| Average List Price | $923,030 |
| Average Days on Market | 29 |
| Number of Homes On Market | 114 |
| Median House Size | 3,016 sq ft. |
| Market Action Index |
37.0 - Seller's Advantage |
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 median list price in ANDOVER, MA this week is $664,950. The 114 properties have been on the market for an average of 29 days.
Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Comments(0)