The Market Action Index has been trending lower for several weeks now while prices have remained relatively stable. The 90 day average remains in the mid to upper teens. With inventory and days on market relatively unchanged and the Market Action Index decreasing, the market is not sending a strong directional signal for the near-term outlook.
Real-Time Market Profile for the Week of June 25, 2012
Median List Price - $1,499,000
Asking Price per Square Foot - $626
Average Days on Market (DOM) - 169
Percent Properties with Price Decrease - 32%
Percent Re-listed (reset DOM) - n/a
Percent Flip (price increased) - 3%
Median House Size (sq. ft.) - 2566
Median Lot Size - 0.25 - 0.50 acres
Median Number of Bedrooms - 4.0
Median Number of Bathrooms - 3.0
Market Action Index - 17.7 (Strong Buyers)
Comments(0)