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
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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.