Here is a snapshot of real estate market for condos/townhomes in ANDOVER, MA for the week of June 23rd, 2014. (Source: AltosResearch).
| For Week of June 23rd, 2014 | |
| Median Price | $362,500 |
| Average List Price | $458,550 |
| Average Days on Market | 62 |
| Number of Homes On Market | 34 |
| Median House Size | 1,688 sq ft. |
| Market Action Index |
36.8 - 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 $362,500. The 34 properties have been on the market for an average of 62 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.
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer's zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
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