As of Tuesday, December 20, 2022 - The week's median list price for Redlands, CA 92373 is $896,500 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has decreased to 40.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
As of Tuesday, December 20, 2022 - The week's median list price for Redlands, CA 92373 is $896,500 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has decreased to 40.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
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