Single-Family Homes
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
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 | ||
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.