Here is a snapshot of real estate market for condos/townhomes in ANDOVER, MA for the week of August 4th, 2014. (Source: AltosResearch).
| For Week of August 4th, 2014 | |
| Median Price | $499,900 |
| Average List Price | $475,157 |
| Average Days on Market | 71 |
| Number of Homes On Market | 35 |
| Median House Size | 2,170 sq ft. |
| Market Action Index |
39.5 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 $499,900. The 35 properties have been on the market for an average of 71 days.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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