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 NORTH ANDOVER, MA for the week of November 28th, 2016. (Source: AltosResearch).
|Week of November 28th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$674,900||$279,900|
|Average List Price||$764,669||$297,009|
|Average Days on Market||104||59|
|No. of Homes On Market||49||33|
|Median House Size||3,136 sq ft.||1,263 sq ft.|
|Market Action Index||
38.0 - Seller's Advantage
|35.4 - Seller's Advantage|
Data provided by ©2005-2014 Altos Research LLC.