Here is a snapshot of real estate market for single family homes in NORTH ANDOVER, MA for the week of January 2nd, 2012. (Source: AltosResearch)
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For Week of January 2nd, 2012 |
Median Price | $505,000 |
Average List Price | $549,758 |
Average Days on Market | 176 |
Number of Homes On Market | 89 |
Median House Size | 2,650 sq ft. |
Market Action Index | 16.4 - Strong Buyer's |
Data provided by ©2011 Altos Research LLC.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give
the advantage to the buyer.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
SEARCH ALL AVAILABLE NORTH ANDOVER HOMES FOR SALE, LIKE I DO!
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