ANDOVER Real Estate - Week Of October 15th, 2012

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Real Estate Agent with Keller Williams Realty
ANDOVER Real Estate - Week Of October 15th, 2012


Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of October 15th, 2012. (Source: AltosResearch)

  For Week of October 15th, 2012
Median Price $649,000
Average List Price $785,300
Average Days on Market 136
Number of Homes On Market 124
Median House Size 3,000 sq ft.
Market Action Index 16.5 - 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 decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

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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Andover, MA: Andover Luxury Homes For Sale
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