The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. The 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 September 26th, 2016. (Source: AltosResearch).
|Week of September 26th, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$772,400||$799,900|
|Average List Price||$1,013,693||$680,336|
|Average Days on Market||133||93|
|No. of Homes On Market||100||25|
|Median House Size||3,300 sq ft.||3,060 sq ft.|
|Market Action Index||
36.1 - Seller's Advantage
|37.3 - Seller's Advantage|
Data provided by ©2005-2016 Altos Research LLC.