By Tosha Reinmiller, December 24, 2022
The market inventory has continued to be pretty tight. With the low inventory, the home sales have increased relatively to the number of homes on the market, in turn, the Market Action Index increases.
The Market Action Index 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. The current MAI is 34 compared to last month’s at 31.
This week, the median list price is $1,799,500 with 8 homes currently on the market. Hopefully Spring will allow for additional inventory in the market that will allow buyers options when looking for a coast home.
Information and Stats provided by Altos.
Call or email Tosha if you would like more info on Buying at the coast.
Tosha Reinmiller
541-231-5829
tosha@coastlivingre.com
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
F
503-961-8224