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 appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.