Thu Dec 08 2022
This week the median list price for Avondale, AZ is $280,000 with the market action index hovering around 12. This is less than last month's market action index of 30. Inventory has held steady at or around 1.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Buyer's Market
|Median List Price||$280,000|
|Median Price of New Listings||$0|
|Per Square Foot||$208|
|Average Days on Market||7|
|Median Days on Market||7|
|Strong Buyer's Market|
The market seems to have paused around this plateau. 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.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$280,000||1,340||0 - 4,500 sqft||3||2.5||15||0||0||7|