Here is a snapshot of real estate market for condos/townhomes in ANDOVER, MA for the week of September 15th, 2014. (Source: AltosResearch).
| For Week of September 15th, 2014 | |
| Median Price | $384.950 |
| Average List Price | $451.209 |
| Average Days on Market | 84 |
| Number of Homes On Market | 32 |
| Median House Size | 1.996 sq ft. |
| Market Action Index |
36.2 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 $384,950. The 32 properties have been on the market for an average of 84 days.
The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs for the market.
The market has started cooling and prices have recently plateaued. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
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