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ANDOVER Real Estate - Single Family Homes Week Of October 14th, 2013

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate - Single Family Homes
Week Of October 14th, 2013

Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of October 14th, 2013. (Source: AltosResearch).

  For Week of  October 14th, 2013
Median Price $678,250
Average List Price $916,516
Average Days on Market 52
Number of Homes On Market 110
Median House Size 3,012 sq ft.
Market Action Index

38.1 -  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 $678,250. The 110 properties have been on the market for an average of 52 days.

The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening 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.

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

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