Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of May 13th, 2013. (Source: AltosResearch)
|For Week of May 13th, 2013|
|Average List Price||$882,267|
|Average Days on Market||104|
|Number of Homes On Market||159|
|Median House Size||3,162 sq ft.|
|Market Action Index||
28.3 - 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 $699,900. The 159 properties have been on the market for an average of 104 days.
Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
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.