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 January 16th, 2017. (Source: AltosResearch).
|Week of January 16th, 2017||Single Family Homes||Condo/Townhouse|
|Median List Price||$849,900||$679,200|
|Average List Price||$1,086,816||$748,929|
|Average Days on Market||220||113|
|No. of Homes On Market||45||20|
|Median House Size||3,700 sq ft.||2,300 sq ft.|
|Market Action Index||
39.8 - Seller's Advantage
38.8 - Seller's Advantage
Data provided by ©2005-2017 Altos Research LLC.