Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of June 9th, 2014. (Source: AltosResearch).
| For Week of June 9th, 2014 | |
| Median Price | $739,900 |
| Average List Price | $923,093 |
| Average Days on Market | 59 |
| Number of Homes On Market | 106 |
| Median House Size | 3,282 sq ft. |
| Market Action Index |
37.6 - 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 $739,900. The 106 properties have been on the market for an average of 59 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Comments(5)