Fri Feb 28 2020
This week the median list price for Medina, WA is $5,049,400 with the market action index hovering around 24. This is less than last month's market action index of 29. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$5,049,400|
|Per Square Foot||$1,023|
|Days on Market||163|
|Slight Buyer's Advantage|
Despite this week’s down tic, the market seems to have paused around this plateau. 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.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$18,950,000||7,885||1 - 2.5 acres||4||5||20||1||0||281|
|$7,225,000||6,002||0.5 - 1 acre||5||5||19||0||2||199|
|$4,600,000||5,232||0.25 - 0.5 acre||5||5||12||1||0||107|
|$2,388,000||2,480||0.5 - 1 acre||4||2||65||2||0||95|