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 19th, 2016. (Source: AltosResearch).
|Week of December 19th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$824,900||$829,950|
|Average List Price||$1,050,719||$810,861|
|Average Days on Market||198||114|
|No. of Homes On Market||52||18|
|Median House Size||3,590 sq ft.||2,828 sq ft.|
|Market Action Index||
43.1 - Seller's Advantage
|39.5 - Seller's Advantage|
Data provided by ©2005-2016 Altos Research LLC.