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 20th, 2017. (Source: AltosResearch).
|Week of February 20th, 2017||Single Family Homes||Condo/Townhouse|
|Median List Price||$879,950||$599,900|
|Average List Price||$1,191,828||$697,416|
|Average Days on Market||161||82|
|No. of Homes On Market||54||23|
|Median House Size||3,934 sq ft.||2,300 sq ft.|
|Market Action Index||
42.3 - Seller's Advantage
|36.2 - Seller's Advantage|
Data provided by ©2005-2017 Altos Research LLC.