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 NORTH ANDOVER, MA for the week of November 21st, 2016. (Source: AltosResearch).
|Week of November 21st, 2016||Single Family Homes||Condo/Townhouse|
|Median List Price||$674,900||$279,000|
|Average List Price||$768,994||$292,391|
|Average Days on Market||99||52|
|No. of Homes On Market||53||33|
|Median House Size||3,156 sq ft.||1,255 sq ft.|
|Market Action Index||
37.9 - Seller's Advantage
|36.6 - Seller's Advantage|
Data provided by ©2005-2014 Altos Research LLC.