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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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Prafulthe Andover MA market seem similar to some areas in my market in the DOM and the fact that it is still and  entrenched buyer's market.  This information can be a reality check for sellers.

Feb 20, 2012 04:30 AM #1
Rainmaker
2,019,606
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"New Franklin MA Homes"

Good morning, Praful....our inventory is low right now.... we need more resale listings.... I'm marketing more and getting fewer calls from sellers.... we usually have to cancel our tour of homes because of lack of new inventory.

Feb 20, 2012 05:34 AM #2
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Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

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!

Feb 20, 2012 08:32 PM #3
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Pam Dent
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
Realtor - Charlottesville Virginia Homes and Horse Farms

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

Feb 21, 2012 06:46 PM #4
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Joni Staples
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

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!! :)))

Feb 21, 2012 08:57 PM #5
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert

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

Feb 22, 2012 08:29 PM #6
Rainmaker
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Cathleen OnullHannigan
Keller Williams Realty - Cary, NC
Cary NC Homes Pro

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

Feb 23, 2012 06:52 PM #7
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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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