ANDOVER Real Estate - Week Of October 8th, 2012

By
Real Estate Agent with Keller Williams Realty
ANDOVER Real Estate - Week Of October 8th, 2012


Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of October 8th, 2012. (Source: AltosResearch)

  For Week of October 8th, 2012
Median Price $649,500
Average List Price $780,587
Average Days on Market 132
Number of Homes On Market 126
Median House Size 3,000 sq ft.
Market Action Index 16.6 - 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 has been tightening and days-on-market increasing recently. The Market Action Index  has been basically flat, not providing strong indication for market conditions.

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!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Massachusetts Essex County Andover
Groups:
Market Reports
Dedicated Bloggers
Keller Williams 'Rainers
Active Rain Newbies
Addicted to Active Rain
Tags:
2012
andover real estate week of october 8th

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
1,372,010

Praful Thakkar

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

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information