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 May 30th, 2016. (Source: AltosResearch).
Week of May 30th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $799,900 | $679,900 |
Average List Price | $1,060,434 | $667,843 |
Average Days on Market | 105 | 123 |
No. of Homes On Market | 111 | 37 |
Median House Size | 3,583 sq ft. | 2,906 sq ft. |
Market Action Index | 43.5 - Seller's Advantage |
36.9 - Seller's Advantage |
Data provided by ©2005-2016 Altos Research LLC.
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