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 February 6th, 2017. (Source: AltosResearch).
|Week of February 6th, 2017||Single Family Homes||Condo/Townhouse|
|Median List Price||$870,000||$668,500|
|Average List Price||$1,218,117||$706,112|
|Average Days on Market||159||77|
|No. of Homes On Market||51||23|
|Median House Size||3,792 sq ft.||2,300 sq ft.|
|Market Action Index||
41.4 - Seller's Advantage
|37.2 - Seller's Advantage|
Data provided by ©2005-2017 Altos Research LLC.