April 2015

Found 2 blog entries for April 2015.

This Week

The median list price in FORKED RIVER 08731 this week is $289,000.

Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

Suppy and Demand

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Median List Price $289,000
Asking Price Per Square Foot  $178
Average Days on Market (DOM)
770 Views, 0 Comments

This Week

The median list price in BAYVILLE, NJ 08721 this week is $285,000 Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall condition are weakening a bit.

Suppy and Demand

While prices have been a a plateau for a number of weeks, this is a Buyer's market and the supply of homes listed has started growing relative to demand. This indication that prices could easily resume a downward trend in conjuction with the MAI ( Market Action Index). Prices are unlikely to move significantly higher until there is a persistent upward shirt in the MAI.

Real-Time Market Profile

Median List Price $285,000
Asking Price Per Square Foot  $158
Average Days on
742 Views, 0 Comments