Condos/Townhomes
This answers “How’s the Market?” by comparing rate of sales versus inventory.
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Median List Price | ||
Per Square Foot | ||
Days on Market | ||
Price Decreased | ||
Price Increased | ||
Relisted | ||
Inventory | ||
Median Rent | $750 | |
Most Expensive | ||
Least Expensive | ||
Market Action | ||
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.