Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of November 3rd, 2014. (Source: AltosResearch).
| For Week of November 3rd, 2014 | |
| Median Price | $749,450 |
| Average List Price | $898,879 |
| Average Days on Market | 114 |
| Number of Homes On Market | 88 |
| Median House Size | 3.270 sq ft. |
| Market Action Index |
35.7 - Seller's Advantage |
Data provided by ©2014 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 $749,450. The 88 properties have been on the market for an average of 114 days.
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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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