ANDOVER REAL ESTATE - Week of February 13th, 2012

By
Real Estate Agent with Keller Williams Realty
ANDOVER Real Estate - Week Of February 13th, 2012


Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of February 13th, 2012. (Source: AltosResearch)


For Week of February 13th, 2012
Median Price $626,750
Average List Price $841,774
Average Days on Market 158
Number of Homes On Market 92
Median House Size 2,938sq ft.
Market Action Index 18.4 - Strong Buyer's


Data provided by ©2011 Altos Research LLC.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

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

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Ambassador
1,195,607
Praful Thakkar
Andover, MA: Andover Luxury Homes For Sale
Keller Williams Realty

Thanks for stopping by Jennifer, Barbara.

Barbara, you are so right - our inventory is low and that has a major impact on DOM. A home priced right comes on market and is gone!

February 20, 2012 08:32 PM
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Pam Dent
Realtor - Charlottesville Virginia Homes and Horse Farms
Gayle Harvey Real Estate, Inc.

Praful - Activity in my market has really picked up.  Your area has a much higher median price than we do.

February 21, 2012 06:46 PM
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Joni Staples
Your Huntsville / Lake Livingston Area REALTOR®
Berkshire Hathaway Home Services - Anderson Properties

Like Pam (#4), the activity in our market has really picked up, as well! We are enjoying a busy first quarter! Your median price is CRAZY! You could buy a mansion in Texas for that!! :)))

February 21, 2012 08:57 PM
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Laura Cerrano
Authentic Feng Shui Expert
Feng Shui Manhattan Long Island

I love the market speak. :) good luck, Praful! :)

February 22, 2012 08:29 PM
Rainmaker
59,023
Cathleen OnullHannigan
Cary NC Homes Pro
Keller Williams Realty

Sounds like you have a great market there. I love the solid average purchase price!

February 23, 2012 06:52 PM
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
What did my neighbor's home sell for?
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