This answers “How’s the Market?” by comparing rate of sales versus inventory.
|Median List Price|
|Per Square Foot|
|Days on Market|
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.