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|
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.