This answers “How’s the Market?” by comparing rate of sales versus inventory.
|Median List Price|
|Per Square Foot|
|Days on Market|
Prices hit another all time high this week. Given current conditions, prices continue to march higher. 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.