ANDOVER Real Estate Market Analysis:
Single Family Homes 07/03/2016
What is happening to single family home median prices in Andover?
With increasing inventory, we usually see the prices going down.
However, it's stable after increase of about 4% in last 3 months.
Single Family Homes in Andover are selling FAST!
From 132 days on market in April 2016 to 107 in June 2016.
Look at this chart - days on market are going down.
Despite increase in inventory!
And what is happening with Market Action Index?
(Remember Market Action Index of 30 means balaced market)
This chart shows Andover Single Family homes market is getting close to balanced market - it's still seller's advantage, though.
Data & Charts provided by ©2005-2014 Altos Research LLC.
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