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 July 4th, 2016. (Source: AltosResearch).
|Week of July 4th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$792,000||$782,450|
|Average List Price||$970,226||$707,362|
|Average Days on Market||97||132|
|No. of Homes On Market||130||34|
|Median House Size||3,494 sq ft.||3,180 sq ft.|
|Market Action Index||
38.1 - Seller's Advantage
|40.1 - Seller's Advantage|
Data provided by ©2005-2016 Altos Research LLC.