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
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark and have had an upward price trend over the last few weeks. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.