The latest statisics recently released still show a slow market for Andover. There are some bright spots in our market compared to many area's in the metro. The number of closed sales are up 44% over last year in the month of March. The year to date closings are up 40% over the previous year. It appears sellers and agents are adjusting prices to reflect the market conditions and getting sales. The average sales price is down 14% over last year to $243,179. I was researching for a market analysis this past week and was surprised to see the highest priced home to sell in Andover last year was under $430,000. I was expecting more activitiy in the upper price ranges. The Bright spot is that activity seems to be picking up lately. More sales are coming across the board and open house activity is up. I hosted an open this past weekend and ran out of highlight sheets. It is a great time to buy a home with all of the inventory and low interest rates.
Please email or call if you would like more information on homes for sale or if you are thinking of selling your home and would like an accurate market analysis.
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