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 June 20th, 2016. (Source: AltosResearch).
|Week of June 20th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$799,900||$729,900|
|Average List Price||$1,021,241||$696,016|
|Average Days on Market||99||131|
|No. of Homes On Market||114||31|
|Median House Size||3,626 sq ft.||3,060 sq ft.|
|Market Action Index||
40.8 - Seller's Advantage
|40.1 - Seller's Advantage|
Data provided by ©2005-2016 Altos Research LLC.