Fri Apr 03 2020
This week the median list price for Dayton, MD is $1,200,000 with the market action index hovering around 27. This is less than last month's market action index of 31. Inventory has held steady at or around 8.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,200,000|
|Per Square Foot||$338|
|Days on Market||278|
|Slight Buyer's Advantage|
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.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,237,500||5,340||5 - 10 acres||6||4||6||0||0||353|
|$1,200,000||3,550||2.5 - 5 acres||4||3||1||0||0||315|
|$1,200,000||3,550||2.5 - 5 acres||4||3||1||0||0||378|
|$704,000||4,250||2.5 - 5 acres||3||3||43||1||0||66|