Condos/Townhomes
This answers “How’s the Market?” by comparing rate of sales versus inventory.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Median List Price | ||
Per Square Foot | ||
Days on Market | ||
Price Decreased | ||
Price Increased | ||
Relisted | ||
Inventory | ||
Median Rent | $4,000 | |
Most Expensive | ||
Least Expensive | ||
Market Action | ||
Each segment below represents approximately 25% of the market ordered by price.