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 plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.