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ANDOVER Real Estate - Condos/Townhomes Week Of June 30th, 2014

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate - Condos/Townhomes
Week Of June 30th, 2014

Here is a snapshot of real estate market for condos/townhomes in ANDOVER, MA for the week of June 30th, 2014. (Source: AltosResearch).

  For Week of  June 30th, 2014
Median Price $375,000
Average List Price $469,710
Average Days on Market 69
Number of Homes On Market 31
Median House Size 1,990 sq ft.
Market Action Index

37.9 -  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 $375,000. The 31 properties have been on the market for an average of 69 days.

Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening 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. 

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

Comments (5)

Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Very detailed market report for this town. Love the stats you share.

Mar 16, 2018 09:12 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Looks like Andover market is getting hotter day by day. All the best.

Mar 16, 2018 09:12 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Median price and the average price for your market are so much more than what we have here in Columbus, OH.

Mar 16, 2018 09:13 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

A very good market report for the single-family homes market in Andover.

Mar 16, 2018 09:13 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

I like the idea of Market Action Index - gives clear picture of the market here.

Mar 16, 2018 09:13 PM