Condos/Townhomes
This answers “How’s the Market?” by comparing rate of sales versus inventory.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Median List Price | ||
Per Square Foot | ||
Days on Market | ||
Price Decreased | ||
Price Increased | ||
Relisted | ||
Inventory | ||
Median Rent | $1,625 | |
Most Expensive | ||
Least Expensive | ||
Market Action | ||
The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.