ANDOVER Real Estate - Single Family Homes Week Of April 22nd, 2013

Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate - Single Family Homes
Week Of April 22nd, 2013

Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of April 22nd, 2013. (Source: AltosResearch)

  For Week of  April 22nd, 2013
Median Price $719,900
Average List Price $875,180
Average Days on Market 119
Number of Homes On Market 136
Median House Size 3,150 sq ft.
Market Action Index

28.4 - 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 $719,900. The 136 properties have been on the market for an average of 119 days.

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative

The market has shown some evidence of slowing recently. Both prices 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.


Comments (3)

Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on your local market.

Thanks for sharing this useful information about the housing market in your area!

Apr 23, 2013 08:05 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Praful, Looks like you are in a healthy market where the advantage is fairly equal between buyers and sellers. Man...I would love to have your average sales price! Ours here in the Portland Metro area is $299K. Nice to see how the market is across the country.

Apr 26, 2013 10:50 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks Cindy, Bob for stopping by and your comments.

Jun 11, 2013 03:10 PM

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