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 December 12th, 2016. (Source: AltosResearch).
|Week of December 12th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$799,900||$744,900|
|Average List Price||$998,841||$736,918|
|Average Days on Market||178||101|
|No. of Homes On Market||63||22|
|Median House Size||3,500 sq ft.||2,328 sq ft.|
|Market Action Index||
40.6 - Seller's Advantage
|37.6 - Seller's Advantage|
Data provided by ©2005-2016 Altos Research LLC.