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 December 19th, 2016. (Source: AltosResearch).
|Week of December 19th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$665,000||$277,000|
|Average List Price||$789,400||$298,456|
|Average Days on Market||132||78|
|No. of Homes On Market||39||32|
|Median House Size||3,314 sq ft.||1,311 sq ft.|
|Market Action Index||
40.0 - Seller's Advantage
|32.0 - Seller's Advantage|
Data provided by ©2005-2014 Altos Research LLC.