Here is a snapshot of real estate market for condos/townhomes in ANDOVER, MA for the week of September 8th, 2014. (Source: AltosResearch).
| For Week of September 8th, 2014 | |
| Median Price | $410,000 |
| Average List Price | $458,026 |
| Average Days on Market | 75 |
| Number of Homes On Market | 31 |
| Median House Size | 2,002 sq ft. |
| Market Action Index |
37.1 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 $410,000. The 31 properties have been on the market for an average of 75 days.
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Market appears to have begun to cool. As we're still notably in a Seller's market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer's zone.
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