This answers “How’s the Market?” by comparing rate of sales versus inventory.
|Median List Price|
|Median Price of New Listings|
|Per Square Foot|
|Average Days on Market|
|Median Days on Market|
The market seems to be pulling back from its high-point. This week prices remained basically flat. The Market Action Index is a good leading indicator for the direction prices move from here.
Each segment below represents approximately 25% of the market ordered by price.