Single-Family Homes
This answers “How’s the Market?” by comparing rate of sales versus inventory.
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
| Median List Price | ||
| Median Price of New Listings | ||
| Per Square Foot | ||
| Average Days on Market | ||
| Median Days on Market | ||
| Price Decreased | ||
| Price Increased | ||
| Relisted | ||
| Inventory | ||
| Median Rent | ||
| Market Action | ||
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
Each segment below represents approximately 25% of the market ordered by price.