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.
Here is a snapshot of real estate market for single family homes and condo/townhouses in ANDOVER, MA for the week of January 25th, 2016. (Source: AltosResearch).
Week of January 25th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $784,450 | $517,450 |
Average List Price | $924,647 | $560,389 |
Average Days on Market | 141 | 175 |
No. of Homes On Market | 76 | 24 |
Median House Size | 3,144 sq ft. | 2,141 sq ft. |
Market Action Index | 36.5 - Seller's Advantage |
37.2- Seller's Advantage |
Data provided by ©2005-2016 Altos Research LLC.
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