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.
Comments (5)Subscribe to CommentsComment