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 April 18th, 2016. (Source: AltosResearch).
Week of April 18th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $799,900 | $579,900 |
Average List Price | $1,028,457 | $620,219 |
Average Days on Market | 107 | 162 |
No. of Homes On Market | 101 | 37 |
Median House Size | 3,526 sq ft. | 2,300 sq ft. |
Market Action Index | 39.7 - Seller's Advantage |
36.0 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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