How’s the Market?
The Market Action Index answers that question by measuring
the current rate of sales versus the amount of inventory. When the index is above 30 it implies it
favors the Seller’s market condition; below 30 favors the buyer. Ours is currently 39.
Home sales continue to outstrip supply and the Market Action
Index a has been moving higher for several weeks. This is a Seller’s market so watch for upward
pricing pressure in the near future if the trend continues.
New home builder’s report that there is relatively no
standing inventory and sales at record highs.
The average days on market for resale homes is 107 and a
healthy market is 90.
To find out what your home is worth: www.summerlinhomereport.com
