How’s the Market? Here is your real-time market trend data for Blossom Hill for the week of January 1, 2018
With inventory trending up but days-on-market and the Market
Action Index essentially flat recently, conditions do not seem to
have strong up or down pull.
Supply and Demand
The market has started cooling and prices have been flat for several
weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If
the MAI resumes its 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 bounce around this
plateau. Look for a persistent down-shift in the Market Action
Index before we see prices deviate from these levels.
If you would like a full market analysis for your home or to understand the trends in your buying search, please contact the Myrick Estates Team today!