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OnArdhi Investment Lending Team Local Report
We know real time data and local market knowledge is critical. As your lending partner, we strive to be more than a financing partner but a knowledge resource. Thanks to the team at Altos Research we're excited to share local data insights.
(Real Time Data)
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Atlanta, GA
This week the median list price for Atlanta, GA is $385,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 2,471
Median List Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Recent data to help your next investment from the
Team @ Altos Research
Charlotte, NC
This week the median list price for Charlotte, NC is $469,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 1,098.
Inventory Graph
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.
Jacksonville, FL
This week the median list price for Jacksonville, FL is $317,995 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 2,822.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.
