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 has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Each segment below represents approximately 25% of the market ordered by price.