ANDOVER Real Estate Market Trends: Week of November 28th 2016

By
Real Estate Agent with LAER Realty Partners
https://activerain.com/droplet/4Ykj
ANDOVER Real Estate Market Trends:
 Week of November 28th, 2016

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 November 28th, 2016. (Source: AltosResearch).

Week of November 28th, 2016 Single Family Homes Condo/Townhouse
Median List Price $777,450 $677,400
Average List Price $1,009,854 $687,435
Average Days on Market 156 93
No. of Homes On Market 80 26
Median House Size 3,500 sq ft. 2,400 sq ft.
Market Action Index

36.1 -  Seller's Advantage

34.6 - Seller's Advantage

Data provided by ©2005-2016 Altos Research LLC.

The median list price in ANDOVER, MA for single family homes this week is $777,450. The 156 properties have been on the market for an average of 80 days. The average asking price per square feet is $245. The most expensive single family home is listed at $3,295,000 and the least at $325,000. The median list price in ANDOVER, MA for condo/townhouse this week is $677,400. The 26 properties have been on the market for an average of 93 days. The average asking price per square feet is $283. The most expensive condo is listed at $1,325,000 and the least at $142,500.

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

You have been busy with all your market reports - I hope that it brings you lots of business in 2017

Dec 27, 2016 06:12 AM #1
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
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