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.
Here is a snapshot of real estate market for single family homes and condo/townhouses in ANDOVER, MA for the week of December 28th, 2015. (Source: AltosResearch).
Week of December 28th, 2015 | Single Family Homes | Condo/Townhouse |
Median List Price | $749,900 | $394,900 |
Average List Price | $912,862 | $527,309 |
Average Days on Market | 137 | 129 |
No. of Homes On Market | 79 | 29 |
Median House Size | 3,060 sq ft. | 2,045 sq ft. |
Market Action Index | 37.7 - Seller's Advantage |
37.3- Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
Comments (18)Subscribe to CommentsComment