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CROZET
Sunday May 23, 2010
Real-Time Market Profile Trend
Median List Price THIS WEEK
$ 225,000 The median condo/townhome price
Asking Price per Square Foot $ 197 in CROZET this week is $225,000.
Average Days on Market 12
Percent of Properties with Price Decrease 4%
Percent Relisted (reset DOM) 5%
Percent Flip (price increased) 3%
Median Size (sq ft) 1,633
Median Number of Bedrooms 2.8 Demand measured by the Market
Median Number of Bathrooms 2.8
Action Index is increasing and days-on-
market is trending downward. Even as
Market Action Index* Cold! Buyer's Market 14 more properties come available, these
* see below for details on the Market Action Index are positive trends for the market.
PRICE
Again this week we see a downward
notch for prices. Pricing has been weak
in recent weeks and versus their
absolute-high levels. The Market Action
Index is a good leading indicator for the
durability of this trend.
The Market Action Index answers the question "How's the Market?" By measuring the SUPPLY AND DEMAND
current rate of sale versus the amount of the inventory.
Local conditions are currently quite
strongly in the Buyer's Market zone
(below 30). The 90-day Market Action
Index stands at 14. With several months
of inventory available at the current
sales rate, buyers should find ample
choice.
Index above 30 implies Seller's Market conditions. Below 30, conditions favor the
buyer.
QUARTILES
Characteristics per Quartile Investigate the market in
Med. Ab- Avg.
quartiles—where each quartile is 25%
Quartile Median Price Med. Sqft Bed Bath Age Inven. New sorbed DoM of the homes listed.