Condos/Townhomes
This answers “How’s the Market?” by comparing rate of sales versus inventory.
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Median List Price | ||
Median Price of New Listings | ||
Per Square Foot | ||
Average Days on Market | ||
Median Days on Market | ||
Price Decreased | ||
Price Increased | ||
Relisted | ||
Inventory | ||
Median Rent | ||
Market Action | ||
While this week the median price didn’t fluctuate much, we are relatively close to the market’s high price point and have had an upward price trend over the last few weeks. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.