ANDOVER Real Estate Market Trends: Week of November 21st 2016

By
Real Estate Agent with LAER Realty Partners
http://activerain.com/droplet/4YjK
ANDOVER Real Estate Market Trends:
 Week of November 21st, 2016

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.

The median list price in ANDOVER, MA for single family homes this week is $772,450. The 152 properties have been on the market for an average of 84 days. The average asking price per square feet is $249. The most expensive single family home is listed at $3,295,000 and the least at $329,000. The median list price in ANDOVER, MA for condo/townhouse this week is $809,900. The 22 properties have been on the market for an average of 98 days. The average asking price per square feet is $276. The most expensive condo is listed at $1,325,000 and the least at $145,000.

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Praful - a very good market report.  I found it interesting that it appears condos and townhouses are in great demand.

Dec 24, 2016 11:12 AM #1
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks Grant Schneider for kind words - appreciate stopping by and your comments.

Dec 24, 2016 02:55 PM #2
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
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