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.