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.
Market Action Index:
The market is currently in the Seller’s Advantage zone (greater than 30). The 90-day Market Action Index stands at 37.26 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.