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 25th, 2016. (Source: AltosResearch).
Week of April 25th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $809,900 | $679,900 |
Average List Price | $1,037,923 | $647,954 |
Average Days on Market | 113 | 173 |
No. of Homes On Market | 100 | 35 |
Median House Size | 3,583 sq ft. | 2,388 sq ft. |
Market Action Index | 39.3 - Seller's Advantage |
36.3 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
Comments(18)