The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. The 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 November 21st, 2016. (Source: AltosResearch).
|Week of November 21st, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$772,450||$809,900|
|Average List Price||$1,002,007||$750,068|
|Average Days on Market||152||98|
|No. of Homes On Market||84||22|
|Median House Size||3,450 sq ft.||2,920 sq ft.|
|Market Action Index||
35.1 - Seller's Advantage
|34.4 - Seller's Advantage|
Data provided by ©2005-2016 Altos Research LLC.