Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of February 24th, 2014. (Source: AltosResearch).
| For Week of February 24th, 2014 | |
| Median Price | $799,000 |
| Average List Price | $953,268 |
| Average Days on Market | 89 |
| Number of Homes On Market | 65 |
| Median House Size | 3,497 sq ft. |
| Market Action Index |
39.4 - 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 65 properties have been on the market for an average of 89 days.
Demand measured by the Market Action Index is increasing and dayson- market is trending downward. Even as more properties come available, these are positive trends for the market.
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.
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