ANDOVER Real Estate - Single Family Homes Week Of April 8th, 2013

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate - Single Family Homes
Week Of April 8th, 2013

Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of April 8th, 2013. (Source: AltosResearch)

  For Week of  April 8th, 2013
Median Price $728,450
Average List Price $895,112
Average Days on Market 115
Number of Homes On Market 116
Median House Size 3,300 sq ft.
Market Action Index

29.9 - Almost Balanced Market

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.

The median list price in ANDOVER, MA this week is $728,450. The 115 properties have been on the market for an average of 116 days.

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

The market has shown some evidence of slowing recently. Bothprices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

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Rainer
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Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor
South Florida Estate Homes Inc - Weston, FL
South Florida Estate Homes Inc.

Praful

Thanks for sharing this important market information. Nice to see that home values are rising and you still have some great buys. Best Wishes.

Apr 09, 2013 09:52 PM #1
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jacob, thanks for stopping by....really appreciate it.

Apr 10, 2013 11:00 AM #2
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Just a mention - all of a sudden, crazy seller's market is turning into more balanced market - at least for a while.

Apr 10, 2013 11:00 AM #3
Rainmaker
892,582
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

You know Praufl I really like this simple tell like it is chart!

I am going to try and do one like this too! I am not good at doing charts.

Apr 10, 2013 01:28 PM #4
Rainmaker
1,304,874
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Praful~ your blog looks fantastic and I agree your chart is perfect, great blog!

Apr 11, 2013 01:27 AM #5
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
What did my neighbor's home sell for?
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