“How is the market doing?”
Sedona Real Estate City Overview
Real Time Market Profile For Week of December 21, 2015
This information is for single family homes in the city of Sedona including Big Park and Village of Oak Creek.
The data takes in all tiers.
For Example… the top tier shows 290 Days On Market (DOM) but the bottom tier is showing 123 DOM. This is a huge difference and shows how strong the bottom tier is compared to the rest. However the top is 106 DOM higher than the rest of the market which is in the Seller portion of the Market Action Index.
That means that sellers have an advantage over the buyers. Inventory is tightening and DOM is falling. However, MAI is trending down which is not giving strong up or down signals from this data.
This is a real-time index – There is an algorithm that has determined that 30 is the neutral point between a seller’s or buyer’s market. Numbers above 30 indicate a robust market and the converse is true for numbers below 30. The line in green is hovering around 25 for the top quartile meaning the market favors the buyer. You can see all the lines are trending down slightly. The holiday season is in play right now.
I have a learning module that you can visit to get more information. It is in the Learning Center of my website.
Go to marker 4:07 to hear directly from Altos Reasearch about the Market Action Index
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This weekly report is provided by Altos Research.