This week in Montgomery

The median list price in Montgomery this week is $329,000.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Market Action Index

Price

Prices in Montgomery have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Quartiles

Read more about Montgomery Market Statistics or sign up to get reports about all the Cincinnati areas.

Statistics Powered by Altos Research

Other Posts

• June 30, 2009 -- 1849 Mills Ave., Norwood, OH 45212
• December 5, 2008 -- Top Nine Trends for 09: Less Square Footage
• March 4, 2011 -- 1439 Laurel Park Dr, Cincinnati, OH 45214
• May 9, 2011 -- 2011 Computer and TV Recycling Event