Inventory has been tightening and days on the market decreasing recently. The Market Action Index has been basically flat, not providing strong indictions for Market conditions.
Supply and Demand:
Home Sales Continue to outstrip supplu and the Market Action Index has been moving higher for several weeks. This is a sellers market so watch for upward pricing pressure in the near future as this trend continues.
Price:
Price appears to be hoovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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