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GREENWOOD
Sunday March 7, 2010
Real-Time Market Profile Trend
Median List Price THIS WEEK
$ 277,000 The median single family home price
Asking Price per Square Foot $ 184 in GREENWOOD this week is
Average Days on Market 130 $277,000.
Percent of Properties with Price Decrease 25 %
Percent Relisted (reset DOM) 0%
Percent Flip (price increased) 0%
Median House Size (sq ft) 2,077
Median Lot Size 2.5 - 5.0 acres The Market Action Index has been
Median Number of Bedrooms 3.2 trending down lately, while inventory is
Median Number of Bathrooms 2.2 climbing. These trends imply a
Market Action Index* Cold! Buyer's Market 7 weakening market.
* see below for details on the Market Action Index
PRICE
This week saw relatively little price
change from last week. However, prices
continue to demonstrate a nice up trend
over the last several weeks.
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 7. 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. Med. Ab- Avg.
quartiles—where each quartile is 25%
Quart Median Price Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM of the homes listed.
1 $ 5,472,450 4,600 20 + acres 3.5 4.0 94 2 0 0 217 Most expensive 25% of homes
2 $ 305,000 2,352 5.0 - 10.0 acres 4.0 3.5 18 2 0 0 66 Upper-middle 25% of homes
3 $ 241,950 1,202 5.0 - 10.0 acres 3.0 2.0 0 2 0 0 74 Lower-middle 25% of homes
4 $ 161,250 960 2.5 - 5.0 acres 2.5 1.0 63 2 0 0 164 Least expensive 25% of homes