Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of April 7th, 2014. (Source: AltosResearch).
| For Week of April 7th, 2014 | |
| Median Price | $772,400 |
| Average List Price | $943,988 |
| Average Days on Market | 74 |
| Number of Homes On Market | 74 |
| Median House Size | 3,084 sq ft. |
| Market Action Index |
41.0 - 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 $769,900. The 77 properties have been on the market for an average of 67 days.
Inventory is up and Market Action is trending down recently. While days-on- market appears to be trending lower, the overall conditions are weakening a bit.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
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