By Tosha Reinmiller, March 31, 2022
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
This week the median list price for Manzanita is $1,475,000 with the market action index hovering around 48. This is about the same as last month’s market action index of 48. Inventory has increased to 2.
*Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory. A balanced has a MAI of 30. Anything above is trending toward a seller’s market and anything below is trending toward a buyer’s market.
Call or email for if you want more info on Buying at the coast
Tosha Reinmiller
541-231-5829
tosha@coastlivingre.com
-Stats charts by Altos
Tosha Reinmiller
Principal Broker | OR
She/Her
ABOUT TOSHA Tosha specializes in the coastal communities of Manzanita, Cannon Beach, Nehalem, Wheeler, Arch Cape, Rockaway Beach and the surrounding areas in Tillamook County...
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- T: 541-231-5829
- F: 503-961-8224
- tosha@coastlivingre.com
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503-961-8224