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|
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.