Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of July 6th, 2015. (Source: AltosResearch).
| For Week of July 6th, 2015 | |
| Median Price | $748,950 |
| Average List Price | $899,822 |
| Average Days on Market | 82 |
| No. of Homes On Market | 128 |
| Median House Size | 3,397 sq ft. |
| Market Action Index |
41.6 - 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 $748,950. The 128 properties have been on the market for an average of 82 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
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.
Median Price: We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Price per Square Foot: While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.
Market Action Index: The ANDOVER, 01810 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 41.65 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Days on Market: The properties have been on the market for an average of 82 days. Half of the listings have come newly on the market in the past 38 or so days.
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