Current Market Conditions for Single Family Homes in Surprise 3-11-13

The median list price in SURPRISE, AZ this week is $189,000. The 808 properties have been on the market for an average of 110 days. Inventory is tightening and days-on- market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply and Demand

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Characteristics per Quartile

Median Price

Single Family Homes in SURPRISE, AZ Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Quartile Prices

Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.