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
Despite this week’s down tic, price trends have been moving up in the last few weeks. We are below the market’s high point. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.