Mon Dec 04 2023
This week the median list price for Rio Verde, AZ is $615,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has increased to 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$615,000|
|Median Price of New Listings||$0|
|Per Square Foot||$355|
|Average Days on Market||93|
|Median Days on Market||56|
|Slight Buyer's Advantage|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$904,000||1,616||0 - 4,500 sqft||2||2.5||0||0||0||101|
|$711,250||1,511||0 - 4,500 sqft||2||2.5||3||0||0||213|
|$606,500||1,736||0 - 4,500 sqft||2||2||24||0||0||38|
|$525,000||1,518||0 - 4,500 sqft||2||2||42||0||0||49|