Here is a snapshot of real estate market for condos/townhomes in ANDOVER, MA for the week of August 18th, 2014. (Source: AltosResearch).
| For Week of August 18th, 2014 | |
| Median Price | $389,950 |
| Average List Price | $420,444 |
| Average Days on Market | 66 |
| Number of Homes On Market | 32 |
| Median House Size | 1,996 sq ft. |
| Market Action Index |
42.8 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 $389,950. The 32 properties have been on the market for an average of 66 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.
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
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