Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of October 7th, 2013. (Source: AltosResearch).
| For Week of October 7th, 2013 | |
| Median Price | $662,450 |
| Average List Price | $915,317 |
| Average Days on Market | 49 |
| Number of Homes On Market | 108 |
| Median House Size | 2,979 sq ft. |
| Market Action Index |
37.5 - 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 $662,450. The 108 properties have been on the market for an average of 49 days.
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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