Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 26th, 2015. (Source: AltosResearch).
| For Week of January 26th, 2015 | |
| Median Price | $774,450 |
| Average List Price | $1,033,833 |
| Average Days on Market | 140 |
| Number of Homes On Market | 44 |
| Median House Size | 3.798 sq ft. |
| Market Action Index |
42.4 - Seller's Advantage |
Data provided by ©2005-2014 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 $774,450. The 44 properties have been on the market for an average of 140 days.
Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
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