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 in ANDOVER, MA for the week of May 2nd, 2016. (Source: AltosResearch).
Week of May 2nd, 2016 | Single Family Homes |
Median List Price | $799,900 |
Average List Price | $1,040,133 |
Average Days on Market | 111 |
No. of Homes On Market | 98 |
Median House Size | 3,614 sq ft. |
Market Action Index | 40.2 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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