Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 27th, 2014. (Source: AltosResearch).
| For Week of January 27th, 2014 | |
| Median Price | $799,000 |
| Average List Price | $1,043,870 |
| Average Days on Market | 93 |
| Number of Homes On Market | 63 |
| Median House Size | 3,470 sq ft. |
| Market Action Index |
39.5 - 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 $799,000. The 63 properties have been on the market for an average of 93 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 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.
Comments(4)