Do you know the signs of a healthy real estate market?

Do you know the signs of a healthy real estate market?

I am curious what metrics people would use to answer this questions.

1. What percentage difference, if any, between list price and sold price?

2. Average Days on the Market?

3. Seller concessions, if any?

4. Other contingencies or concessions?

We are looking for a HEALTHY market, not a buyer's market, or a seller's market but a healthy market.

In my area, we are seeing a reduction in DOM, and less seller concessions. Albeit, median home sale prices are down from the beginning of the year but shows some signs of stabilization. But I think we are seeing key indicators moving in the right direction. Let's hope this trend continues for the rest of the year.

Weigh in and let me know your thoughts.